Financing possibilities through credit lines EBRD Shareholder Special Fund Zagreb, 21 September, 2016
Textile servicing Washing systems trucks, IT Oxygen cleaning units Construction Conveyor Crasher units 7 trailers Hybrid systems Generation sets Drying units Drilling machines The SEFF Strengths: Heritage with a proven concept Clearly focused on creating value for PFIs and their clients Established financing facility with a strong track record Started in 2006 > 4.0 billion committed > 110 PFIs > 100,000 clients in 24 countries SEFFs in 22 countries of EBRD operations 8 2
Partner banks Residential borrowers and vendors Financing EBRD Shareholder Special Fund Implementation support Client support REENOVA+ TA
Residential Borrowers Up to 50,000 EE investments on dwelling level EE investments on building level REENOVA+ Vendors Up to 2.5 million Direct Equipment sales Hire purchase arrangements 60 million framework 2 loan products For residential borrowers (apartment owners, building owners, housing associations, group of owners, etc) Equipment vendors at least 60% for eligible equipment/materials Equipment leasing 4
Project Consultant EBRD Shareholder Special Fund TA funded by the EBRD Shareholder Special Fund Implementation team consisting of local and international: Financial experts Marketing experts Engineers IT Permanent staff and office in Zagreb, nationwide implementation support Operational tools under preparation 5
Project Inception Implementation Support Residential Borrowers Infrastructure (LEME website & facility website, database, marketing, helpline, etc) Sub-project reporting Product development Capacity building Facility launch Technical eligibility validation of equipment and sub-projects Advisory guidance on technical aspects Marketing support Awareness raising through mobilization of media and information events Implementation Support Vendors Project preparation support, type of vendor deal, channels Technical validation Marketing support, including vendor/supplier events Capacity building in vendor deal structuring Links with suppliers/installers
Developing EE lending as innovative bank product Opening new market segments Medium to long-term funding Reduced lending risks Free-of charge TA/Consulting Advisory and guidance to loan officers and relationship managers Provision of added value to customers through free technical advice Positive image effects 7
Free technical assistance Assurance regarding equipment performance Advice on full range of EE solutions Energy Efficiency = Saving = Saving Energy Money Residential Borrowers Reduced energy bills Increased living comfort Increased value of apartment/house Vendors Ready credit scheme that can be offered together with high performance equipment Endorsement of high performance equipment through renowned IFI (EBRD) Additional awareness raising Joint marketing activities 8
Multi-family Apartment Building, Bratislava Building from 1976 48 apartments on 8 residential floors EE measures: Wall insulation Basement ceiling insulation Stairways shaft reconstruction Investment: 320,000 Payback: 16.1 years Energy savings: 37% 9
Old Townhouse, Sofia 95 year old Building EE measures: Wall & roof insulation EE windows Exterior decoration (facelift of decaying facade Investment: 9,130 Increased comfort levels, restored appearance Energy savings: 20% 10
Building Energy Performance upgrade from C to B, Istanbul Demolishing and reconstruction of building subject to Urban Transformation Plan EE measures: Upgrade building from BEP C (old) to B (new) TA included design concept Investment: 100,000 Energy savings: 60% against old building 11
Vendor Finance, Vestel Turkey USD 5 million Vendor loan for AC units Used in in-store credits with preferential terms: Limited action: bring your old AC (>10 years old) and get 40% discount on a (specific high EE) new unit 18 months repayment terms, three months interest free All reporting provided by Vestel Pre-agreed equipment list 12
Family house: modern windows 8x2,94 = 23,5 m² wall insulation 2x7,5x13 = 195 m² efficient gas boiler 22 kw room air conditioner Investment and effect: costs 10.000 EUR saved energy: 20.000 kwh/a
HOME APPLIANCES Fridges, Laundry devices, Dish washers: A+++ AC devices: A+
Garantibank Green Credit Card, Turkey Green Credit Card scheme Tied to specific equipment via vendor agreements Applicable in any associated retail stores Preferential re-payment terms offered on the card NOT the actual card!! 15
BENEFITS BANKS VENDORS CLIENTS Capacity building Ready credit scheme TA to make the right choice Pre-approved technologies Endorsement of high performance equipment Saving money + living comfort Lowering risk Joint marketing activities Increased property value 16
Thank You for Your attention!