OREANDA-NEWS  On 24 September was announced, that Bank Forum offered a new product to its clients — long-term credit line for private sector industrial enterprises to finance their investments in energy saving and energy efficiency technologies.

Within this EBRD Program the funds are extended in US dollars for the tenor of up to 60 months and a 12 months grace period of the first repayment possibility. The funds can also be provided to the borrower in several tranches. The total amount of funding to a single borrower cannot be less than USD 500 thou. and more than USD 5 mln.

The essential precondition for credit funds receipt is an enterprise energy audit by the respective experts of UKEEP (Ukraine Energy Efficiency Programme). The funds are provided at fixed 5.5% p.a. over the LIBOR.