Source: eKapija | Thursday, 12.10.2017.| 15:55
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GGF lends EUR 5 million to Halkbank for energy efficient housing in Serbia

Illustration (Photo: brizmaker/
The Green for Growth Fund (GGF) has provided a long-term EUR 5 million loan to Halkbank a.d. Beograd in Serbia to support energy-efficient housing in the country. A portion of the funds will help residents finance mortgages for homes with reduced energy requirements.

Along with supporting mortgages for low-energy-use housing, the bank will continue its successful decade-long practice of financing energy efficiency measures such as home improvements for retail clients. In addition to the loan, GGF technical assistance support will include training on energy savings monitoring and activities that increase public awareness of energy-efficient housing and its benefits.

The loan is the fund’s first to Halkbank a.d. Beograd, which was formerly known as Čačanska banka until Halkbank Turkey acquired it in 2015. Čačanska banka was one of the first banks in the country to offer dedicated energy efficiency financing and became a GGF partner in 2011. Halkbank’s Serbian operations provide universal banking services through a network of 35 organisational units.

– We are excited to continue our work with Halkbank, and we especially welcome the opportunity to support prospective homeowners in Serbia seeking to purchase energy-efficient housing, which will contribute to energy savings and ultimately benefit climate change mitigation – GGF Chairman Christopher Knowles said.

Halkbank a.d. Belgrade CEO Kenan Bozkurt said that with this renewed cooperation with the GGF credit facility, they wanted to support private individuals and SMEs seeking to invest in energy efficiency projects and consequently improve their lives and business environment.

– We are especially proud to offer a new housing loan product for buying flats in buildings that have been constructed according to the latest energy efficiency standards. The realization of this cooperation is in line with bank’s aim of promoting sustainable growth and investments in projects that have positive effects on the environment. Our bank was a pioneer in financing energy efficiency projects in Serbia, and it is of great importance for us to remain dedicated to this kind of support for our clients – he added.
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