Credit Agricole Bank announces start of lending in terms of IQ Energy program

On January 2, 2018, Credit Agricole Bank started lending in terms of IQ Energy program It The program is aimed to fostering energy efficiency improvements in the Ukrainian residential sector, designed by the European Bank for Reconstruction and Development (EBRD) and supported by donors.

Customers of the bank are already able to get ”Svoboda” cash loan in the amount of maximum UAH 300 000 to invest in energy efficient projects and receive compensation (grant) amounting up to EUR 3 000 to FX account with Credit Agricole Bank. The List of Eligible Materials and Equipment which can be purchased with the European grant contains more than 5000 items. The program will last till September 10, 2020.

“We are happy to announce the launch of IQ Energy program in our bank. As a modern and forward-thinking financial institution we recognize the importance of supporting innovations and green initiatives. We hope that many of our customers will appreciate this possibility to rehabilitate their own homes, and make it more energy efficient, energy saving, and ecofriendly. Thousands of Ukrainians have already made a step towards energy efficiency improvement of their housing and thanks to European grant program used the opportunity to put it into practice. IQ Energy is both profitable financial instrument and implementation of future technologies. New year is a fair chance to modernize your home and make it environmentally compliant,” said Galyna ZHUKOVA, Board Member of Credit Agricole Bank responsible for the Bank’s retail, digital, and network activities.  

To receive grant with the purpose to finance energy efficiency improvement of accommodation:  

• Get cash loan in any branch of Credit Agricole Bank.
• Purchase and install energy efficient materials and equipment included into IQ Energy Technology Catalogue with loan funds.
• Register and apply for IQ energy program at: www.iqenergy.org.ua. 
• Get compensation up to EUR 3 000 to FX account.

About the program

The program was designed by the European Bank for Reconstruction and Development (EBRD) and is financed by the Eastern European Energy Efficiency and Environmental Partnership (E5P) with a major contribution made by the European Union, as well as Sweden and the Austrian Federal Ministry of Finance. The program was designed to boost energy efficiency improvements in the Ukrainian residential sector. The incentive grant for heat insulation of dwelling totals to 15 million EUR.

IQ Energy program started in Ukraine in April 2016. Approximately 320 million UAH (12 million USD) has been granted to 13 thousand of Ukrainian households for thermal modernization by now.

The EBRD is the largest international financial investor in Ukraine. From the beginning of its operation in the country in 1993 the bank has provided facilities for 383 projects totaling 11.6 billion EUR.

About Credit Agricole:

PJSC «CREDIT AGRICOLE BANK» is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is a major partner of the French economy and one of the largest banking groups in Europe. It is a leading retail bank in Europe, having the largest portfolio of assets under management, being first in the field of bank insurance and third - in project financing in Europe. Credit Agricole has been operating in the financial market of Ukraine since 1993 and renders the entire range of banking services to private individuals, including VIP clients, and business. The Bank pays special attention to cooperation with agricultural enterprises. Reliability and business reputation of CREDIT AGRICOLE in Ukraine is confirmed by the highest possible FITCH ratings, leading positions in bank sustainability, bank deposit reliability and bank profitability rankings, as well as by 300 000 active private and 18 000 corporate customers, including international corporations, large Ukrainian companies and representatives of small and medium business.

Contacts:

Viktoriia Torianyk, Head of PR and corporate communications Credit Agricole Bank.

Phone: +38 044 581 07 45, e-mail: Viktoriia.Torianyk@credit-agricole.ua