BAKU, Azerbaijan, Feb.12. The European
Investment Bank (EIB) and Spanish lender BBVA have signed two
agreements aimed at boosting green financing and strengthening
technical capacity for climate action across the financial sector,
the EIB said, Trend reports.


Under the first agreement, the EIB will provide a guarantee
facility of up to 380 million euros to support sustainable
projects. The bank will guarantee about 50% of a portfolio of up to
760 million euros, while BBVA has committed to generating a new
portfolio of eligible green projects equivalent to the full amount
covered by the guarantee.


Beneficiaries are expected to include individuals, homeowner
associations, small and medium-sized enterprises (SMEs) and real
estate developers. The transaction is structured as a significant
risk transfer (SRT) operation, allowing BBVA to free up regulatory
capital as part of its strategy to optimise capital use and support
sustainable lending.


The second agreement covers the provision of advisory services
under the InvestEU Advisory Hub. Through the arrangement, EIB
Advisory will support BBVA in strengthening its climate action and
environmental sustainability capabilities, including project
origination, eligibility analysis, product development and impact
reporting.







The advisory support will focus in particular on the real estate
and infrastructure sectors. The EIB will also provide guidance on
financing and grant schemes, including the interaction between
public support, EIB instruments and other risk-mitigation
tools.


The EIB Group, owned by the European Union’s member states, is
the bloc’s long-term financing institution. In 2025, it signed 100
billion euros of new financing for more than 870 projects aligned
with EU policy priorities, including climate action,
digitalisation, security and defence, cohesion, agriculture, social
infrastructure and global partnerships.


In Spain, the EIB Group carried out financing and investment
operations totalling around 11 billion euros in 2025, alongside an
additional 2.9 billion euros provided under the Regional Resilience
Fund financed through NextGenerationEU loans.