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Detail – Energy Country Profile

EBRD supports energy efficiency lending and trade - Three leading banks in Bulgaria to join energy efficiency facility

The EBRD has signed credit lines promoting energy efficiency in the residential and small and medium-sized enterprises (SME) sectors, as well as trade finance facilities with the three leading Bulgarian banks – Postbank, Piraeus Bank Bulgaria A.D. and United Bulgarian Bank A.D. (UBB).

The total amount of financing to be received by the three banks is €64 million, of which Postbank will receive €24 million, Piraeus Bank Bulgaria €13 million and UBB €27 million.

The three banks will join the EBRD Bulgarian Energy Efficiency for Competitive Industry Finance Facility (BEECIFF), launched in April 2012, which provides financing to SMEs for energy efficiency investments eligible for grants under the government’s Green Economy Programme, which is supported by EU Structural Funds.

Source: 31 July 2013