CIH Bank was recently distinguished at the GEFF Awards ceremony organized by the European Bank for Reconstruction and Development (EBRD). The recognition highlights the bank's commitment to financing the transition to renewable energy and its collaboration with the EBRD through the Green Economy Financing Facility. This initiative supports clients in financing projects that contribute to energy efficiency and renewable energy development.
The GEFF Awards acknowledge CIH Bank's efforts in developing and implementing green finance solutions. From 2022 to 2025, CIH Bank offered GREEN DEV, a financing solution for energy efficiency and renewable energy investments. This solution was developed in partnership with the EBRD and included a free energy audit, a subsidy of 10 to 15% of the financed amount, and customized technical support. GREEN DEV was designed for industrial and commercial enterprises.
CIH Bank's GREEN DEV solution enabled clients to access tailored financing options for their energy performance and transition projects. The program aimed to support businesses in adopting more sustainable production and consumption modes. The bank's efforts in this area have been recognized through the GEFF Awards, which celebrate outstanding projects in energy efficiency and renewable energy.
One of the notable projects recognized at the GEFF Awards was BIOSEC, which was accompanied by CIH Bank. The project received the Best Energy Efficiency Project award, demonstrating the impact of CIH Bank's initiatives in supporting businesses in their transition to more sustainable practices. This recognition highlights the bank's role in promoting green finance and sustainable development.
CIH Bank plans to continue its commitment to green finance and sustainable development. The bank is set to finalize its subscription to the third edition of the GEFF line and the MidGEFF line, which will be offered to large enterprises and SMEs in 2027. These new lines will provide further support for businesses in their energy efficiency and renewable energy projects.
CIH Bank's strategy for sustainable development prioritizes green finance, and the bank aims to continue developing tailored financing solutions for environmental and energy challenges. By supporting businesses in their transition to more sustainable practices, CIH Bank contributes to shaping the economy of the future.
The bank's commitment to green finance is part of its broader sustainability strategy, which includes initiatives to promote energy efficiency and renewable energy. CIH Bank's recognition at the GEFF Awards reflects its efforts to address environmental and energy challenges through innovative financing solutions.
Key points
- CIH Bank was recognized at the GEFF Awards for its commitment to financing the transition to renewable energy and promoting sustainable development.
- The bank's GREEN DEV solution provided financing options for energy efficiency and renewable energy investments, supporting businesses in adopting more sustainable practices.
- CIH Bank plans to continue its commitment to green finance, with new lines of credit set to be offered to large enterprises and SMEs in 2027.
