EIB supports German SMEs with €100m loan

The European Investment Bank (EIB) has granted a €100 million multi-beneficiary intermediated loan (MBIL) to Haspa, Germany’s largest savings bank based in Hamburg.

The loan will help Haspa provide financing to small and medium-sized enterprises (SMEs) and mid-caps with up to 3,000 employees across Germany.

The EIB loan will offer financial advantages such as lower interest rates and long-term funding, benefiting companies in the region by diversifying their external funding options.

A significant portion of the loan, one-third, is earmarked for financing projects focused on renewable energy, including onshore wind, solar photovoltaic, and energy efficiency initiatives.

Through the EIB loan, Haspa aims to invest up to €280 million to support small businesses and mid-caps, helping them improve their financial structures and invest in their green transition.

This is the first collaboration between the EIB and a German savings bank. EIB Vice President Nicola Beer emphasised that supporting SMEs and mid-caps is crucial for the European economy, with the loan helping companies in northern Germany stabilise their financial positions and invest in innovative green and digital projects.