SIH and OTP Banka Slovensko have launched a joint venture, the aim of which is to provide preferential loans to owners of apartments and non-residential premises for thorough renovation works in order to increase energy efficiency. These loans will provide financial support for work to be done up to a total of 500 buildings. The combination of SIH and OTP Banka resources will create €56.3m in loan financing. SIH is also undertaking preparations for future financial instruments to increase energy efficiency for both residential and non-residential buildings and public buildings as well as small and medium-sized enterprises.
From resources managed under NDF I., SIH provides OTP Banka with portfolio risk sharing loans amounting to EUR 4.3 million and EUR 10.0 million. The selection of OTP Banka as financial intermediary for this investment activity and the signing of the agreements was made by the European Investment Fund in September 2014 and December 2015. On the basis of this financing, OTP Banka provided loans in the period from November 2014 until October 2016 to 44 small and medium-sized enterprises in Slovakia.