Portugal

The European Investment Bank (EIB) is offering Portuguese bank Caixa Geral de Depósitos (CGD) a €150 million guarantee to increase financing for strategic industrial sectors in the country. The EIB move will help CGD expand lending to mid-caps and public entities in Portugal, mobilising projected new investments of up to €420 million.

The EIB Group – comprising the European Investment Bank (EIB) and the European Investment Fund (EIF) – has signed a synthetic securitisation with Santander to support new investments in energy efficiency in Portugal worth €183 million. The operation will focus on the renovation of existing buildings to improve their energy efficiency, as well as the construction of new buildings meeting high energy efficiency standards. This deal builds on the success of a similar transaction signed between the parties in 2023.

More than three-quarters of Portuguese respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Although they ranked climate change fifth on Portugal’s list of priorities, a majority believe that investing in adaptation now will prevent higher costs in the future.