Core Insights - AB Artea bankas is entering negotiations with the European Investment Bank (EIB) to establish a new fund aimed at modernizing multi-apartment buildings in Lithuania, with projected assets of up to EUR 625 million [1] - The new fund is part of the Holding Fund Lithuania 2021-2027, which focuses on energy efficiency investments in multi-apartment buildings [2] - The goal of the new fund is to attract an additional EUR 525 million to EUR 100 million from local and international financial institutions and pension funds [3] Company Overview - Artea Bank has been active in the apartment building modernization financing market since 2010, managing two successful funds [4] - The bank emphasizes its commitment to increasing energy efficiency and addressing climate change in Lithuania [5] - Since 2022, Artea Bank has managed the EUR 275 million Artea Retrofit Fund 1, financing the modernization of 394 buildings, and the EUR 200 million Artea Retrofit Fund 2, financing 272 buildings [6] Financial Performance - In the first nine months of the current year, Artea Bank earned EUR 13.9 million in interest income from modernization loans and EUR 6.5 million in fees and commissions from fund administration [7] - Over 15 years, Artea Bank has financed the renovation of 3,140 apartment buildings for more than EUR 1.26 billion, covering approximately 60% of Lithuania's apartment building modernization financing market [8]