DB GERMANY ENHANCED SUPPORT FOR EE

Promoter – Financial Intermediary

DEUTSCHE BANK AG

Location

• Germany

Description

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.

Objectives

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

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 650 million

Environmental aspects

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.

Procurement

Final beneficiaries will be private individuals.

Status

Signed - 20/12/2023