Serbia: UniCredit Bank Serbia receives €5.1 million loan for boosting energy efficiency

The EBRD is providing a loan of up to €5.1 million to UniCredit, in Serbia, to enhance its financing of the green economy. UniCredit Serbia is the second-largest bank in the country and second bank with EBRD support for energy efficiency.

The funds will be on-lent for investments in high-performance energy efficiency technologies, materials and solutions in residential buildings, for example to replace windows or doors, retrofit facades, procure heating equipment or thermal insulation material, PV panels, heat pumps, and other measures.

The goal is to reduce energy intensity and improve energy efficiency in accordance with the EBRD’s Green Economy Transition (GET) approach. With these investments households will not only become more energy efficient but will also decrease their greenhouse gas emissions, reducing their impact on the environment.

Frimu Ghinea

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