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Potential FI Partners: The following Financial Intermediaries have been proposed to IFC Management to participate in the HEECP Program after a due diligence: OTP Bank, Raiffeisen Bank & Lizing, Magyar Külkereskedelmi Bank, Kereskedelmi és Hitelbank, Budapest Bank & Leasing, Hypovereinsbank Hungary, Axon Leasing, and Innotrade Leasing (due diligence of Innotrade Leasing has not been accomplished yet.)
Guaranteed Facility Agreements with the above mentioned FIs are under negotiation.
HEECP provides small grants for (i) marketing of EE finance services by participating FIs; (ii) EE project identification by support of initial energy audits; (iii) EE project development and investment preparation; (iv) general EE market promotion activities; and (v) and Program evaluation activities.
HEECP's main objective is (1) to build the energy efficiency financing capacity of domestic Hungarian financial intermediaries and (2) to spur transition of financing for energy efficiency from heavily subsidized “soft loans” to fully commercial lending. |
