New GEFF facility to support Romanian households in saving energy and money

The €100 million Green Economy Financing Facility (GEFF) was launched today in Romania, with Banca Transilvania becoming the first partner bank to start lending under GEFF.

The facility is designed to help Romanian households invest in energy efficiency, renewable energy and water-saving solutions. Borrowers will be able to choose off-the-shelf green solutions and receive free technical advice on tailor-made low-energy solutions for complex investments.

Banca Transilvania is the first local lender to join the framework and has received a €40 million loan for on-lending to households, housing associations and service providers for energy-saving investments. The TaiwanICDF, which is in charge of Taipei China’s overseas development programme, has contributed US$ 12 million to the loan.

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