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  • Raiffeisen Bank Aval stops issuing new loans to individuals under IQ energy Programme after 01.01.2020
Raiffeisen Bank Aval stops issuing new loans to individuals under IQ energy Programme after 01.01.2020
Date published:
December 27, 2019

Raiffeisen Bank Aval stops issuing new loans under IQ energy Programme after 01.01.2020. The reason for that decision is approaching the limits of grant funds available to Bank clients under IQ energy Programme in accordance with the agreement  signed between the Bank and the European Bank for Reconstruction and Development (EBRD).

Grant applications that have already been submitted will be reviewed in accordance with the Programme Terms and Conditions.

Any new projects in the framework of the Programme where loan agreements with Raiffeisen Bank Aval were signed prior to 31.12.2019 inclusive and grant applications that will be submitted for verification  within four months from the date of the loan agreement will be reviewed by IQ energy Programme in accordance with the current Terms and Conditions.

Any grant applications on projects financed by loans issued after 01.01.2020 will not be reviewed by IQ energy Programme.