Kutxabank increases its sustainable financing by 18%

by time news

2023-11-10 07:18:28

Kutxabank headquarters in Bilbao.
EP

Kutxabank In the first nine months of the year, it has channeled financing worth 1,804 million euros with sustainability criteria, which represents an increase in 18% respect to the same period of the previous year. The entity reported yesterday that, throughout 2023 “the Wholesale Banking of Kutxabank is being one of the most powerful divisions in this type of financing”, especially with the credit destined for business projects for the generation and incorporation of renewable energyactivities for sustainable mobility or that promote social housing y energy efficient.

The divisions specialized in companies and institutions have approved operations worth more than 1,017 million of euros and 55% of this amount has been dedicated to operations referenced to sustainability variables. Kutxabank has reinforced its commitment to commercialize products to finance the home purchase, carry out home renovations, or purchase eco-efficient vehicles and appliances. Thus, 765 million have been allocated to the so-called Green Mortgage, which facilitates the purchase of energy-efficient homes for residents. private clients of the bank.

These loans have grown by 7% compared to 2022 and represent 30.3% of the total new mortgage production. The green loan offers special financing conditions for properties that have the energy certifications higher.

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