EIB Group And Findomestic Partner To Fund Energy-Efficient Home Projects In Italy
Date
1/10/2025 7:05:46 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 10. The European
Investment bank (EIB) Group has partnered with Findomestic Banca to
support Italian families in financing energy-efficient projects and
solar energy systems for their homes, Trend reports.
According to the bank, the agreement, announced by EIB
Vice-President Gelsomina Vigliotti and Findomestic CEO Marco
Tarantola, introduces a synthetic securitisation mechanism to
promote green financing.
The initiative includes a 94 million euro guarantee issued by
the European investment Fund (EIF), backed by the EIB, on a 855
million euro portfolio of retail loans from Findomestic. This
arrangement allows Findomestic to allocate up to 250 million euros
in new loans for energy-efficient home upgrades and renewable
energy installations, offering lower interest rates to
borrowers.
“This is a milestone for Italy, helping families reduce
financing costs for energy-efficiency projects and advancing the
energy transition,” said Vigliotti. Tarantola emphasized
Findomestic's commitment to sustainability, stating,“This
initiative enables us to directly support households in making
eco-friendly investments and contributing to a sustainable
future.”
The collaboration marks the fourth joint initiative between the
EIB and BNP Paribas in Italy this year, further strengthening their
partnership in advancing environmental sustainability.
MENAFN10012025000187011040ID1109076310
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.