Energy Efficiency

GGF helps energy efficiency in Serbian homes via Halkbank

Slika: Pixabay


October 17, 2017






October 17, 2017





Primary energy savings of 43 GWh and reductions of carbon dioxide emissions of more than 13,000 metric tonnes on an annual scale were highlighted by the Green for Growth Fund as it announced a long-term EUR 5 million loan for the housing sector in Serbia.

The deal signed with Türkiye Halk Bankası AŞ’s subsidiary in Serbia aims to boost energy efficient housing in the country, the press release said.

Some of the funds will be used for mortgages for homes with low energy use, GGF added. The package includes technical assistance for Halkbank a.d. in savings monitoring and work on public awareness in the segment, the statement adds.

The contract opens cooperation of GGF with the new entity, which was called Čačanska banka before the 2015 takeover. It became the fund’s partner in 2011 in energy efficiency financing as one of the first in Serbia, the update notes and underscores Halkbank has 35 units in the market.

“We are excited to continue our work with Halkbank, and we especially welcome the opportunity to support prospective homeowners in Serbia seeking to purchase energy-efficient housing, which will contribute to energy savings and ultimately benefit climate change mitigation,” said GGF’s chairman Christopher Knowles.

“With this renewed cooperation with the GGF credit facility, we want to support private individuals and SMEs (small and medium-sized enterprises) seeking to invest in energy efficiency projects and consequently improve their lives and business environment,“ stated Kenan Bozkurt, chief executive of Halkbank, headquartered in capital Belgrade. He underscored loans will also be used for buying flats in buildings certified for energy efficiency. „The realization of this cooperation is in line with the bank’s aim of promoting sustainable growth and investments in projects that have positive effects on the environment. Our bank was a pioneer in financing energy efficiency projects in Serbia, and it is of great importance for us to remain dedicated to this kind of support for our clients.”


Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks

Skrekas Greece triple LNG storage renewable energy capacity

Skrekas: Greece to triple LNG storage, renewable energy capacity

27 June 2022 - Minister of Environment and Energy Kostas Skrekas said the government would mobilize over EUR 44 billion for Greece's energy sector by 2030

Austria ban gas boilers new buildings next year

Austria to ban gas boilers in new buildings in 2023

15 June 2022 - Austria is phasing out fossil fuels in heating, starting with a ban on the installation of gas boilers in new buildings from next year

MRE-GIZ-prosumers-project-june 2022

Germany’s GIZ to help Serbia make renewables available to everyone

09 June 2022 - Minister Zorana Mihajlović signed an agreement with GIZ on the Promotion of Renewable Energy and Energy Efficiency in Serbia