EIB mulls US$100mn Colombia green energy loan

The European Investment Bank (EIB) is considering a US$100 million financing request for an expansion of Bancolombia's green energy loan portfolio. 

According to documents published on the EIB website, the loan would equate to around half of the portfolio's proposed value. 

"The operation intends to generate environmental benefits by supporting sustainable energy infrastructure that helps mitigate climate change," the EIB said. 

The proposed loan is subject to an analysis of Bancolombia's "capacity and procedures" to ensure compliance, according to the Luxembourg-based entity.  

"The financial intermediary has to ensure that implementation of the sub-projects will be done in accordance with the EIB's guide to procurement," it added. 

Bancolombia is Colombia's largest bank by assets and number of active customers. 

More information can be seen here