Overview of the program

Households in Serbia are set to benefit from the further expansion of the Green Economy Financing Facility (GEFF) with a new €5 million loan in local currency provided by the European Bank for Reconstruction and Development (EBRD) to ProCredit Bank.

The funds will be available to private borrowers for investments in energy saving measures such as insulation, windows, heat pumps, solar panels and other solutions. Once the measures are successfully installed, borrowers will be eligible for a grant of up to 20 per cent of the loan amount, funded by the European Union (EU).