International - Country:
- Bosnia and Herzegovina, Serbia
- Implementing organisation:
- KfW Entwicklungsbank
- Partner institution(s):
- N.N.
- Raiffeisen BANK Bosna i Hercegovina
- Sberbank Bank (Banka Sberbank Srbija a.d.) - Serbia
- BMU grant:
- € 4,879,550
- Duration:
- 12/2008 till 12/2015
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Details
Balkan Energy Efficiency Initiative for SME and Housing Space Modernisation
As of: December 2019
Objective and activities
The project is introducing a new credit product for energy efficiency in the banking sectors of Serbia and Bosnia Herzegovina. The aim is to achieve energy savings of approximately 20% for each investment. Selected local partner banks will be provided with credit lines for energy efficiency. The loans extended by the banks focus on comparatively simple and cost-effective energy efficiency measures.
State of implementation/results
Project completed
- Long-term credit lines for energy efficiency measures were offered by KfW to local partner banks.
- Financing for energy efficiency measures was offered to companies and private households by local banks.
- In Bosnia and Herzegovina and Serbia more than 600 clients received financing for energy efficiency measures, particularly in the areas transport, production plants, and building insulation.
- Accompanying consulting activities for partner banks were completed successfully.
