Finance | 25 October, 2024 at 6:48 AM
Raiffeisen Bank boosts green finance
Raiffeisen Private Banking, Romania's leading private banking service, has reached the €1 billion mark in investment products.
Raiffeisen Private Banking, Romania's leading private banking service, has reached the €1 billion mark in investment products.
In the context of the floods that have impacted Romania, the Raiffeisen Bank team has extended its support to civil society.
EBRD and Raiffeisen Bank International are jointly providing€110 million to finance the construction and operation of two solar photovoltaic power plants.
For the year 2024, Raiffeisen Bank Romania will continue to finance eligible projects that support the sustainable development of key sectors of the economy,
Raiffeisen Bank Romania publishes its Sustainability Report, presenting information about the company's non-financial performance and its economic, social, and environmental impact.
Regarding environmental impact, the funded projects have resulted in annual savings of over 42,000 tons of CO2.
IFC is concluding a partnership with Raiffeisen Bank to boost sustainable growth in Romania.
The total amount of sustainable loans granted by Raiffeisen Bank last year exceeded €500 million and the entire portfolio of green products for corporate customers reached €435 million, says Laura Mihăilă, Director of Marketing, Communication & CX at Raiffeisen Bank Romania. She talked to Green Forum about Raiffeisen Bank Romania's ESG strategy and the measures the bank is implementing to reduce the negative environmental impact.
The banking sector has a very important role in promoting the green economy by providing green loans and sustainable support.
NEPI Rockcastle receives a new green financing of €200 million, for Mega Mall and Promenada Sibiu. The loan proceeds will be used to repay the revolving credit facilities used for the acquisitions of Forum Gdansk and Copernicus Shopping Centre, which were completed in December 2022. Subsequently, the Group's total revolving credit facility capacity will be restored to €620 million.
Raiffeisen Bank enters the market with the second tranche of the sustainable bond issue, which amounts to approximately RON 490 million (€98 million), for which it must pay an interest rate of 8.29% per year.
Raiffeisen Bank returns with a new issue of sustainable bonds at the Bucharest Stock Exchange in the amount of over RON 369 million (€ 73.8 million). The bank is one of the most active issuers on the stock market in the implementation and promotion of green financing on the capital market.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
