Short description of the overall project

The Green for Growth Fund (GGF) has provided a long-term EUR 5 million loan to Halkbank a.d. Beograd in Serbia to support energy-efficient housing in the country. A portion of the funds will help residents finance mortgages for homes with reduced energy requirements.

Along with supporting mortgages for low-energy-use housing, the bank will continue its successful decade-long practice of financing energy efficiency measures such as home improvements for retail clients. In addition to the loan, GGF technical assistance support will include training on energy savings monitoring and activities that increase public awareness of energy-efficient housing and its benefits.

The loan is the fund’s first to Halkbank a.d. Beograd, which was formerly known as Čačanska banka until Halkbank Turkey acquired it in 2015. Čačanska banka was one of the first banks in the country to offer dedicated energy efficiency financing and became a GGF partner in 2011. Halkbank’s Serbian operations provide universal banking services through a network of 35 organisational units.