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December 7, 2021

EBRD EUR 10 M loan for Raiffeisen Bank Romania

The European Bank for Reconstruction and Development (EBRD) is continuing to support private industrial companies in Romania in their drive to improve energy efficiency with a new EUR 10 M loan to Raiffeisen Bank to finance sustainable energy projects undertaken by local businesses, a press release informs.

Extended under the European Union EU/EBRD Energy Efficiency Financing Facility framework, the credit line will be used to finance energy efficiency investments by Romanian companies with long-term loans worth up to EUR 2.5 million each. The project will enable the private industrial sector to maximize energy savings and to improve its overall competitiveness. The EBRD finance will be complemented by grant funding from the European Union to support a technical assistance programme and targeted incentive payments for sub-borrowers to promote sustainable energy investments.

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