The European Bank for Reconstruction and Development (EBRD) and the International Cooperation and Development Fund (TaiwanICDF) are providing financing of up to 15 million Euro to UniCredit Consumer Financing (UCFIN), a subsidiary of UniCredit Bank SA, in supporting Romanian households to save energy and money.
The loan combines four million Euro of concessional funding from TaiwanICDF with 11 million Euro of EBRD finance.
UCFIN will on-lend funds to residential borrowers for investments in green technologies, materials and solutions to improve energy efficiency. Possible investments include energy-efficient technologies for heating, water and electricity as well as additional building enclosures such as walls, windows and roofs.
EBRD, TaiwanICDF lending 15 mln euro to Romania s UniCredit unit for energy efficiency projects Source: EBRD
BUCHAREST (Romania), December 21 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Monday that together with the International Cooperation and Development Fund (TaiwanICDF) is lending 15 million euro ($18.2 million) to UniCredit Consumer Finance IFN, a subsidiary of UniCredit Bank Romania, for energy efficiency investments.
The loan combines 4 million euro of concessional funding from TaiwanICDF with 11 million euro from EBRD, the bank said in a press release. Access to green finance in Romania remains limited for residential borrowers wishing to make energy efficiency improvements. We are pleased to work with UniCredit Consumer Financing, an experienced partner with a wide presence across Romania, EBRD Regional Director for Romania and Bulgaria Mark Davis said.