EBRD provided €100 million GEFF financing through local Participating Financial Institutions (PFIs) who were Banca Transilvania (€40 million), UniCredit Bank (€35 million) and UniCredit Consumer Financing (€25 million). The funds were used for eligible green economy financing investments in the residential sector.
Banca Transilvania used its €40 million of GEFF financing to help 1,757 households buy energy-efficient homes and invest in green household technologies.
UniCredit Bank used its €35 million of GEFF financing to help 602 Romanian households buy energy efficient homes.
UniCredit Consumer Financing used its €25 million of GEFF financing to help 5,836 Romanian households buy green technologies and equipment for the home.
‘Termopan’ windows were a popular investment as they lower winter heating costs, lower summer cooling costs and improve the look, comfort and value of homes.
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