GGF 10 MLN EUR loan boosts Halkbank’s potential for financing energy efficiency January 11, 2017

HALKBANKAThe Green for Growth Fund (GGF) has lent EUR 10 million to Halkbank Skopje to increase energy efficiency (EE) in Macedonia. The loan is the fund’s third to Halkbank Skopje since 2010, when the lender became the first in the country to offer EE financing products. The latest investment further solidifies this successful, long-standing cooperation and reflects Halkbank’s proven track record of promoting the reduction of energy use in Macedonia.

The GGF loan will enable Halkbank to increase the scope and volume of its Eco-loan products, which can be used for financing EE measures at Macedonian businesses, for replacing obsolete agricultural equipment on farms, and for outfitting homes with technologies that lower energy use. In addition, the latest loan includes GGF technical assistance that will support both Halkbank’s sales and promotional activities and the development of further EE loan products.

GGF Chairman Christopher Knowles said: “The GGF was there to support Halkbank’s first energy efficiency loans in 2010, and our continued partnership is already helping thousands of Macedonians to lower their energy use, one of the fund’s primary goals.”

Turhan Ademi, Acting Chief Executive Director of Halkbank AD Skopje, said: “Our loans are designed for energy-efficiency measures that lower energy use without reducing quality of life. Loans for energy efficiency help our clients make significant cuts in their primary energy consumption.”

Category: Member News