Green for Growth Fund has partnered with AIK Bank to expand its portfolio in the field of green financing by providing financing for businesses that want to invest in sustainable operations and projects in the field of renewable energy sources.
The GGF has approved a €40 million loan, which meets the criteria for Qualified Eligible Obligations (KPO), to support AIK Banka's green financing. The funds will primarily support growth in the renewable energy sector to meet the increasing energy demands for the decarbonization of the economy, which is a key measure in the Green for Growth Fund's portfolio, contributing to significant long-term development.
We are pleased to partner with AIK Banka with this significant investment, which strengthens our commitment to renewable energy initiatives in Serbia. This collaboration will lead to accelerated progress in renewable energy and thus contribute to a greener economy.
Simon Gupta, Chairman of the Board of Directors
This strategic partnership with AIK Banka represents a key step in advancing the long-term transition towards a greener economy and energy independence in Serbia. The Fund also provides partner institutions with capacity building and advisory services, which are essential to our vision of building a green financial ecosystem in the region.
Borislav Kostadinov, Director of the Fund
Energy sustainability is a topic of great importance for global society. I am proud that through this strategic partnership with GGF, AIK Banka is empowering local businesses to take an active role in building a green economy.
Petar Jovanović, President of the Executive Board of AIK Banka