Guaranteed BBVA and IFC have signed a €40 million loan agreement – ​​The Diplomat Bucharest

Guaranteed BBVA has signed a loan agreement of 40 million euros with the International Finance Corporation (IFC), a member of the World Bank Group, with the aim of financing investments in green housing, aimed at contributing to the effort community for the preservation of the environment.

The loan will enable Garanti BBVA to provide green mortgages and home improvement loans, encouraging the bank’s customers to migrate to sustainable options when choosing a new home or home improvements. their existing home.

“The current agreement with our long-standing partner, IFC, is further proof of our commitment to make our contribution to the protection of nature and the well-being of society. An important focus of our strategy is to educate customers about sustainable financing, and we will work to increase customers’ appetite for purchases that help protect the environment. said Mustafa Tiftikcioglu, CEO of Garanti BBVA Romania.

The Garanti BBVA group has a long-term partnership with IFC, receiving several loans from the financial institution, and in recent years the funds have prioritized green financing. In 2022, Garanti BBVA Consumer Finance, part of the Garanti BBVA Romania group, also signed a €10 million loan agreement with the IFC.

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Leslie M. Gill