Sarajevo 11 October 2024 - The Green for Growth Fund (GGF) is pleased to extend its strategic partnership with ProCredit Bank d.d. Sarajevo (PCB BiH) with a EUR 3.0 million Basel III compliant subordinated loan. This facility, with a 10-year maturity, will enhance the Bank’s capital position and support its green finance initiatives.
PCB BiH, a leader in green finance, focuses on business development, innovation, and environmental protection. Green financing constitutes 21% of its total loan portfolio. The new facility will help expand the Bank’s green portfolio, particularly in solar PV projects.
The investment is expected to result in 12,735 MWh/a of primary energy savings and 4,140 t/a CO2 reductions, supporting the expansion of solar PV in Bosnia and Herzegovina.
ABOUT THE GGF
The Green for Growth Fund (GGF) invests in measures to reduce energy use, CO2 emissions, and improving resource efficiency in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East, and North Africa. It finances renewable energy projects, corporates, municipalities, and financial institutions, supported by its Technical Assistance Facility.
Initiated in December 2009 by Germany’s KfW Development Bank and the European Investment Bank, with financial support from the European Commission and more institutions, the GGF includes a diverse investor base of donor agencies, international financial institutions, and private investors. Finance in Motion GmbH and MACS Energy & Water GmbH provide advisory services. For more information, visit www.ggf.lu.
About Finance in Motion
Finance in Motion is a global impact asset manager focused exclusively on sustainable development in emerging markets and developing economies. The company structures, manages, and advises impact investment funds that bring together public and private investors to address climate change, strengthen biodiversity conservation, foster the sustainable use of natural resources, improve livelihoods, and promote economic opportunities.
For more information, please visit us at: www.finance-in-motion.com
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Media contact GGF
Nusha Westhoff
Director Marketing & Communications
Mobile: +49 69 271 035-789
Email: press@ggf.lu