The Banca Transilvania Financial Group — through Banca Transilvania and BT Leasing — supports investments in renewable energy generation and energy efficiency with the launch of the BT Energy Month campaign, offering financing between 50,000 lei and 5 million euros on favourable terms for clients. This means a zero arrangement fee and a negotiable loan term.

The initiative targets companies, regardless of turnover, with sustainable, environmentally friendly projects and/or investments such as: wind farms, photovoltaic systems, heat pumps, biomass boilers, or solar thermal energy projects (renewable energy); fully electric or plug-in hybrid vehicles; or replacing an old piece of equipment, car or machinery with a new one to achieve at least a 30% reduction in energy consumption, provided the old asset is scrapped, removed from the asset register or sold (energy efficiency).

“Our ESG — sustainability — commitment to all stakeholders of the Banca Transilvania Financial Group is firm. How we produce and consume energy will determine society’s success in the transition to a greener economy. That’s why we are now testing corporate clients’ interest in lower‑cost solutions aimed at improving energy efficiency,” said Omer Tetik, CEO, Banca Transilvania.

The campaign has two stages and starts on 22 November:

• 22 November – 24 December this year: interested clients must register online for the campaign;
• 24 December this year – 31 January 2022: the BT team will contact registered clients for details about the investment — type, size, equity contribution, amount to be financed and collateral — as a prelude to loan approval. 31 January 2022 is the deadline by which the loan or leasing application must be submitted.

What loans for projects and investments in renewable energy generation and energy efficiency include:

• 0% arrangement fee (reduced from the standard 1.5%);
• The loan term is negotiable, depending on the purpose of the financing;  
• The investment implementation period must be up to 12 months, with flexibility depending on the size of the investment;

Leasing for projects and investments in the purchase of fully electric or plug-in hybrid vehicles and for energy efficiency includes:

• 0% leasing fee (reduced from the standard 2.5%);
• The financing term is negotiable, depending on the purpose of the financing;  

BT’s objective: reducing the carbon footprint

Banca Transilvania was the first bank in Romania to finance energy efficiency in the residential sector in Romania using EBRD funds, back in 2017. BT took its first steps in this direction 10 years ago by supporting increases in the energy efficiency of SMEs’ operations, as well as sustainable growth projects run by public institutions. In addition to financing from partnerships with EBRD under the RoSEFF programme, and with IFC and EEEF, the Banca Transilvania Financial Group also supports environmentally friendly projects from its own resources and uses advanced environmental risk assessment models.

One of BT’s strategic objectives is to reduce the carbon footprint generated by the bank’s financed portfolio and by the other companies in the BT Financial Group.