Credit Agricole Bank became a financial partner to the IQ Energy Program by the EBRD

On 30 November 2017 Credit Agricole Bank joined IQ Energy, an international program supported by the European Bank for Reconstruction and Development that is aimed to improve energy efficiency in the residential segment. In terms of cooperation, the bank is able to issue loans in total amount of 1 mln euro. Under the program, customers may get a loan for purchase of energy-efficient equipment, related products and installation works. The program become effective from January 2018.

“It is logical and essential step for Credit Agricole Ukraine to join IQ Energy program managed by EBRD and sponsored by respected international partners. “Green” financing is a reflection of core values for CA Group and Credit Agricole Ukraine – to support sustainable development of economy in the countries of operation. It is even more so for the bank belonging to the Group headquartered in Paris, a city where “Paris climate accord” global agreement on reduction of CO2 emission was signed. The bank has already worked its way to decrease footprint and adjust operations to high ecological standards. IQ Energy program allows Credit Agricole Ukraine to add “green” features into its mainstream business, financing private individuals” - Jean-Paul Piotrowski, CEO of Credit Agricole Bank, commented.

Within the framework of cooperation, the customers of the bank will be able to get a cash loan of up to 300 000 UAH for investments into energy-efficient projects and obtain a compensation of up to 3 000 EUR, which is credited to a foreign-currency account opened with Credit Agricole Bank. The catalogue of materials and equipment that can be purchased with the grant includes over 5000 items. The Program will be effective till 10 September 2020.

“Over the past years Credit Agricole Bank has been actively investing into innovation and supporting “green” initiatives. We are convinced that many of our customers will appreciate the opportunity to upgrade their residential space and make it more energy efficient, cost effective and eco-friendly. Thousands of Ukrainians have understood the need for improving energy-efficiency of their houses and taken the opportunity to do that with the help of the European grant program. IQ Energy represent a financial instrument and the embodiment of the technologies of the future at the same time. That is why Credit Agricole Bank is happy to help our customers implement bold ideas for the sake of energy efficiency. Today Ukrainians will be able to modernize their houses and get a compensation for their ecological mindset” - Galyna Zhukova, Board Member of Credit Agricole Bank in charge of retail banking, network and digital added. 

To receive a grant for improving your household energy efficiency, you need to:

• 1. Apply for and receive a cash loan at Credit Agricole Bank
• 2. Use these funds for purchase and installation of energy-efficient equipment from the IQ Energy Technology catalogue
• 3. Register and file an application for compensation at www.iqenergy.org.ua
• 4. Get the compensation credited to your account in Euro

The Program has been developed by the European Bank for Reconstruction and Development, is funded by the Е5Р Partnership, and supported by the European Union, Sweden and the Austrian Federal Ministry of Finance. The aim of the program is to increase energy efficiency of the residential sector in Ukraine. The overall amount of compensation for heat insulation of housing reaches 15 million Euro.

IQ Energy program was launched in Ukraine in April 2016. Since then nearly 320 million hryvnia (12 million USD) have been provided to Ukrainian households for heat modernization.

The EBRD is the largest international financial investor in Ukraine. Since the beginning of its activity in Ukraine in 1993, the bank has funded 383 projects for nearly 11.6 billion Euro.

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