ESG Deposits is an innovative deposit solution for businesses. It allows you to place your business’ surplus liquidity into a time deposit that factors in ESG criteria. This way, you contribute to sustainable development projects, actively demonstrating your commitment towards a low-carbon and sustainable environment.
Choosing investments factoring in ESG criteria
We use funds raised under ESG Deposits to finance projects that promote sustainable development, driven by the ESG criteria (Environmental, Social, Governance).
All projects meet the eligibility criteria set out in the Eurobank Sustainable Finance Framework.
Information on our investment portfolio
We regularly monitor fund allocation for our entire investment portfolio funded through the ESG Deposits.
We aim to use the funds collected under ESG Deposits to finance specific sustainable development projects, within 3 months from the day you deposited the amount.
Discover how we have allocated our total ESG Deposits portfolio.
Place a minimum amount of €1 million for a fixed term of 3, 6 or 12 months. You receive a certificate on the cash balances you have invested.
3, 6 or 12-month fixed term
You may place your cash for a fixed term of 3, 6 or 12 months in a new time-deposit account, which we open specifically for your ESG Deposits.
If you need to draw back funds before the maturity of your time deposit, you may make an early partial or full withdrawal. Your capital is guaranteed in all cases.
However, we ask that you inform your Relationship Manager at least 31 days before the potential withdrawal.
Capital and interest paid at maturity
The interest rate is fixed over the entire term of your time deposit. Capital and interest are paid at maturity.
If you wish to open a new ESG time deposit, contact your Relationship Manager to find out the current interest rates.
ESG Deposits certificate
Upon your request, you can receive a certificate on the cash balances you have placed in ESG Deposits.
This way you may easily include your ESG time deposit in your sustainable development agenda.
ESG Deposits availability
ESG Deposits are available for you to place your surplus liquidity until we raise the total amount we need to cover our targets.
To find out if ESG Deposits are currently available, contact your Relationship Manager.
€200 million raised
Our first ESG Deposits was launched in December 2021 aimed at Eurobank corporate clients. 50 Greek companies showed strong interest and subscribed for twice our target amount.
This way we managed to raise the €200 million target in a short period of time.
ESG Deposits allocation
We successfully allocated the funds raised through ESG Deposits to sustainability-linked loans, aiming to foster our customers’ sustainability transition.
50% of the allocated funds have financed loans in the energy sector and 50% in the tourism sector.
Sustainability-linked loans offer incentives to borrowing customers to assist them in implementing their sustainability strategy. These loans include sustainability performance targets (SPTs) that need to be achieved for the customer to keep enjoying the favourable loan terms. For our ESG-Deposits loan portfolio these SPTs are:
- CO2 emissions reduction.
- Energy efficiency.
- SPTs related to circular economy.