The Green for Growth Fund (GGF) has provided a €7 million subordinated loan to its partner, BKT Kosovo. Proceeds will strengthen the bank’s capital base and enable BTK Kosovo to increase its energy and resource efficiency lending in urban and semi-urban areas of Kosovo to micro, small and medium enterprises (MSMEs), private individuals, as well as renewable energy projects.

The facility aims to strengthen the bank’s capacities to advance sustainable long-term green financing. The investment is expected to contribute to 4,800 tons of CO₂ emissions reductions per year and 21,800 MWh of primary energy annual savings. This is the equivalent of avoiding greenhouse gas emissions from over 1000 gasoline powered passenger vehicles driven for one year. Complementing the facility, BKT Kosovo will benefit from technical assistance in line with the fund’s “Deep Greening” initiative which aims to build sustainability into BKT’s core business operations, improve their environmental and social management system, and strengthen their green lending capacities.