Credit Programme Balkan Green Financing - 08_I_094 - 64 - Internationale Climate Initiative (IKI)

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Credit Programme Balkan Green Financing

As of: January 2020

Objective and activities

This project aimed to provide participating partner banks with credit lines for renewable energies and energy efficiency. These loans could be used to finance small-scale renewable energy projects, such as biomass stoves, solar thermal heating, small hydropower plants and geothermal energy. Loans for energy efficiency focused on simple and cost-effective energy efficiency measures with the aim of achieving energy savings of 20% with each investment.

State of implementation/results

Project completed

  • Long-term credit lines for measures related to renewable energies and energy efficiency were offered by KfW to local partner banks.
  • Funding forwarded to companies and private households by the local banks.
  • Loans were used primarily in the transport sector and for investments in agricultural, production and construction machinery.
  • Targeted energy savings of at least 20 percent per investment were achieved.

Project data


Implementing organisation:
KfW Entwicklungsbank

Partner institution(s):
  • N.N.
  • ProCredit Leasing - Serbia
  • Raiffeisen Banka - Serbia

BMU grant:
€ 4,860,867

12/2008 till 12/2015