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Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Germany : € 150,000,000
Credit lines : € 150,000,000
Signature date(s)
20/12/2023 : € 150,000,000
Link to source

Summary sheet

Release date
24 October 2024
Status
Reference
Signed | 20/12/2023
20230058
Project name
Promoter - financial intermediary
DB GERMANY ENHANCED SUPPORT FOR EE
DEUTSCHE BANK AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 650 million
Location
Sector(s)
Description
Objectives

The operation consists of a mezzanine Asset-Backed Securities (ABS) Guarantee on a granular synthetic securitisation of consumer loans and leases to private individuals in Germany. More specifically, a new portfolio of 100% Green Loans will be originated by Deutsche Bank AG and its fully-owned specialised housing subsidiary, BHW Bausparkasse AG, for private individuals implementing new energy efficiency projects in Germany.

The aim is to enhance access to finance to the target beneficiaries.

Environmental aspects
Procurement

The project is in line with the EU Energy Performance in Buildings Directive (EPBD) 2018/844/EU (amending 2010/31/EU) aimed at reducing the energy consumption of buildings and the associated pollutant emissions. As such, it will contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation. The sub-projects are not expected to fall under the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU), provided that the buildings will be integrated in urban areas.

Final beneficiaries will be private individuals.

Milestone
Under appraisal
Approved
Signed
21 November 2023
20 December 2023
Related projects
Link to source
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - DB GERMANY ENHANCED SUPPORT FOR EE
Publication Date
11 Dec 2024
Document language
Main Topic
Lending
Document Number
178461706
Document Focus
Environmental Information
Project Number
20230058
Sector(s)
Regions
Countries
Publicly available
Download now

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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