The resources have been provided by the credit line signed in 2009 with the German bank KfW

Considered from 01 June 2010, ProCredit Bank starts offering "Energy efficiency" business loans. All companies that would like to realize investment projects with the purpose of improving the energy efficiency of their own business may take advantage of it. With the new loans the bank expands its range of loan products and provides the business with opportunity to fund some investments in more effective technologies and production processes.

The companies-borrowers shall have the opportunity to receive up to 15 % grant from KfW and CEB, free of charge energy audit on the part of the consultants on the programme as well as to achieve a positive effect on the business and environment. The bank offers its clients individual loan solutions and the opportunity to negotiate a grace period. The energy efficiency means reducing the electricity consumption without this leading to any negative changes in the business implementation. The successful realization of projects under the programme "Energy efficiency" results in energy saving, which means reduction of the operational costs, improvement of the competitiveness of the enterprises, increase their productivity while directly and indirectly reducing the air pollution.

The bank allocates "Energy efficiency" business loans under the following circumstances: minimum and maximum amount of loans - respectively 10 000 and 2 500 00 euro; repayment period up to 15 years; partial early redemption with the funds from the grant without any fee, and minimum 20 % saved energy as a result from the project implementation.

Eligible for funding shall be the activities on improvement of the energy efficiency of buildings, related to business (i.e. productive, trading, warehouse, office spaces, etc.) such as disinfection, replacement of window frames, roof repairs, construction or replacement of air-conditioning systems; purchase of new or replacement of old machines, equipment and technologies with new ones of higher energy class; placement of solar panels, wind generators and other renewable energy resources, co-generation, installation of gas furnaces, biomass furnaces and other investments, resulting in improvement of the energy parameters or reduction of the hazardous emissions of gas.

ProCredit Bank realizes the "Energy efficiency" programme with the support of the European Union, Kreditanstalt für Wiederaufbau - KfW (the German bank for development) and the Council of Europe Development Bank - CEB (Bank for development at the Europe Council). Consultants on the programme are Grontmij Carl Bro Group and the Bulgarian Consulting Center.

With the "Energy efficiency" loans ProCredit Bank meets the business needs of fresh capital for investment resources, directing its attention to supporting the more current energy saving projects of the enterprises.