December 9 (SeeNews) - The International Finance Corporation (IFC) and Kosovo's Banka per Biznes (BPB) have developed new loan products to finance energy efficiency projects for homes and smaller businesses in the country, the IFC said. As a result of this cooperation with IFC, BPB has developed two lending products – energy efficiency (EE) loans for private enterprises and EE loans for individual borrowers, which were presented to bank clients, industry representatives and the public at the event in Pristina marking the start of lending, the IFC said in a statement on Tuesday. "Financing for energy efficient projects is complex, yet there is significant investment potential in an energy efficient modernization of Kosovo’s private households and small and medium enterprises," BPB CEO Richard Beasley said. After the official launch of banking products, IFC will further cooperate with BPB in joint promotional activities and provide transactional support.
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