OREANDA-NEWS. May 29, 2013. In the framework of Energy Efficiency and Renewable Energy program Inecobank has launched new “Green” Point of sale, Mortgage and Business loans with attractive terms. The purpose of these loans is not only equipment acquisition of private individuals but also energy efficient projects among enterprises.

The “Green” Point of sale, Mortgage and Business loans offered by Inecobank under this program allow to reduce the volume of primary energy consumption and CO2 gas emissions by 20% and more.

Inecobank offers “Green Loans” to finance technical upgrading, thermal insulation, replacement of heating systems, lighting, installation of compressed natural gas in the vehicles as well as financing of the solar thermal systems.

Thus, the attractive terms of “Green” loans give you the opportunity to reduce both banking costs and energy consumption costs, at the same time contributing to environmental protection.

“Being a socially responsible Bank we realize the great importance of the energy efficiency and environmental components of our customers’ activities. We are pleased that due to the new "Green" loan product we can pay greater attention to reduction of energy consumption and harmful emissions of CO2 gas.We provide customers with not only financial, but also consulting assistance in this matter.It is also significant that the terms of "Green" loan are lower by 1-2 percentage points than similar terms of standard loan products,” said Head of Loan Department Mr. Vaghinak Khachatryan.

"Green" loans are provided within the framework of a 10 mln USD loan agreement signed in 2012 between Inecobank and Green for Growth Found (GGF).