Demirbank to boost energy efficiency in Azerbaijan

03/09/2014

Demirbank is the new partner bank of Energocredit in Azerbaijan. In the total amount of USD 5 million, Demirbank will grant loans to corporate and individual customers for financing energy efficiency projects and equipment. This will help local entrepreneurs and households to acquire and install more efficient equipment, appliances and materials and will thus reduce energy bills and make businesses and homes more cost-efficient.

Energocredit offers a triple benefit to the customers of Demirbank:

  • 10-15 % cash refund on investments in energy efficient equipment and refurbishment
  • free, tailor-made advice of international experts for energy saving possibilities
  • a loan package for investments in energy efficiency at best conditions

Demirbank, established in 1989, is a universal bank with 32 branches across the country. It offers a wide range of banking services to micro, small and medium-sized firms as well as offering retail banking facilities to private clients. www.demirbank.az

Find more information on the co-operation in the following press release: http://www.ebrd.com/pages/news/press/2014/140820a.shtml