20 percent non-refundable funds for citizens who take out loans to encourage energy efficiency
The European Bank for Reconstruction and Development (EBRD) granted ProCredit Bank a credit facility in the amount of RSD 588m to finance investments that encourage energy efficiency in households.
Citizens can use funds to invest in energy-saving technologies such as insulation, door and window replacement, heat pumps, solar panels, etc. By investing in these improvements through ProCredit bank loans, private individuals are entitled to a grant of up to 20 percent of the loan amount, funded by the European Union (EU).
ProCredit bank has joined the Green Economy Financing Programme (Green Economy Financing Facility - GEFF), which provides investments for energy efficiency that encourages an environmentally sustainable economy.
“The latest agreement we signed with the EBRD is a big step forward for our bank, as it will serve to bring new energy efficiency technologies closer to clients of importance to us i.e., private individuals. For many years ProCredit Bank has been committed to financing energy efficient solutions, of which the best testimony is the amount of our currently active green portfolio, which exceeds EUR 150 million. We are confident that the GEFF credit line will increase our green portfolio and improve the quality of life of our clients“, said Igor Anić, Chairman of the Executive Board at ProCredit Bank.
The GEFF programme for the Western Balkans is supported by the EU, the Western Balkans Investment Framework (WBIF) and the Austrian Federal Ministry of Finance, and is part of the Regional Energy Efficiency Programme for Western Balkans. The programme aims to improve the energy efficiency of the housing sector in the Western Balkan region, known for its high energy intensity and one of the largest consumers of energy.
“We are pleased that ProCredit Bank has joined our GEFF programme which has already helped over 2,200 homeowners in Serbia to improve the energy efficiency of their homes. We hope that this new credit line will reach even more households and help them reduce their energy consumption, which will also contribute to better air quality in their communities“, said Matteo Colangeli, Head of Serbia for the European Bank for Reconstruction and Development (EBRD).