EBRD and BNP Paribas Bank Polska back residential green financing in Poland
Poland, May 19 -- The European Bank for Reconstruction and Development (EBRD) is extending an €80 million portfolio risk-sharing guarantee to BNP Paribas Bank Polska (BNPPBP), to help increase access to green finance in Poland.The EBRD's guarantee will enable BNPPBP to lend €100 million worth of sub-loans to private individuals for residential energy efficiency improvements, renewable energy investments, and investments in sustainable transport.Under the programme, BNP Paribas Bank Polska will offer funding for private individuals to replace outdated heating systems and comprehensive thermal upgrades in single-family homes across Poland.The scheme is expected to benefit single-family homeowners, representing almost 40 percent of...
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