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Energy Efficiency Improvement Profitable Credits

As of today Ukrainian companies consume energy three times as much than mid-sized EU companies consume for making the same product. Owing to help of a number of international finance and government organizations Ukrainian private companies have an opportunity to obtain a profitable credit for implementing energy saving technologies. Hotel industry may also expect receiving loans. Simplified consideration procedure for small credits – up to EUR 500 000 is used. For this purpose EBRD plans to allot EUR 150 million in total.

The UKEEP credit line is provided through participating banks in Ukraine, who in turn on-lends to Ukrainian private companies applying for UKEEP financing. Minimum credit limit is EUR 50 000. As of October, 2009 the participating banks are Ukreksimbank, Bank Forum and OTP Bank.