Multitude Bank partners with HeavyFinance to invest EUR 14 million in sustainable agricultural loans

Multitude Bank will invest EUR 14 million in loans for small and medium-sized agricultural businesses to support their transition to sustainable farming practices. The investment will be made through a debt-asset securitization deal.

This investment, secured by a guarantee of up to EUR 10.5 million from the European Investment Fund (EIF), will enable 500 European agricultural businesses to adopt and expand sustainable practices, proving that sustainability can be achieved through profitable business strategies. Multitude Bank will reach full investment in loans originated by HeavyFinance by the end of 2025.

According to Antti Kumpulainen, CEO of Multitude Bank, the partnership with HeavyFinance will help achieve the ambitious goal of removing one gigaton of CO2 emissions by 2050, raising awareness of ESG priorities.

Laimonas Noreika, CEO of HeavyFinance, emphasized that farmers’ ability to adopt sustainable practices often depends on access to capital. By providing these funds, farmers will be able to transition to regenerative agriculture, helping to preserve the planet’s health for future generations.

COBALT Partner Akvilė Bosaitė and her team provided legal support to Multitude Bank on all investment-related matters.