site.btaIFC Provides EUR 140 Mln in Long-Term Financing to Bulgaria's Postbank

The International Finance Corporation (IFC), a member of the World Bank Group, is providing EUR 140 million in long-term financing to Bulgaria's Postbank to help advance Bulgaria's transition to a sustainable and inclusive economy, the IFC said on Thursday.

This financing will directly benefit smaller enterprises, with a focus on women-owned businesses and climate-related projects. The investment provides EUR 95 million from IFC's own account. An additional EUR 45 million is mobilized from SMBC Bank EU AG under IFC's B loan program. IFC also plans to provide advisory support on gender and climate finance, the press release said.

Half of the financing is dedicated to climate-related projects, which is vital in helping Bulgaria meet its sustainability goals and achieve net-zero greenhouse gas emissions by 2050. The other half of the funds will support women entrepreneurs, marking Postbank's first major gender-focused initiative.