APS Bank has launched its APS Green Facility, offering specialised loan conditions to retail and commercial customers investing in technology or devices to reduce their carbon footprint.

The scheme includes features such as longer loan repayment terms, subsidised interest rates, discounted fees, reduced collateral requirements and advisory services which are provided by European Investment Bank members.

It will cover financing for the installation of photovoltaic panels, green roof gardens, solar water collectors, space heating, efficient lighting systems and hot water or cooling generation amongst others.

Liana DeBattista, Head of Strategy and Proposition at APS Bank commented: “In a world dominated by a pandemic that has increased vulnerability to hundreds of millions, the need to understand what is happening to our planet has never been greater.

“This is our opportunity to help make a difference by encouraging and facilitating further investment in projects that help create a more sustainable world”.

The scheme follows the signing of an agreement in December 2020 with the European Investment Fund marking the bank’s participation in the Energy Efficiency and Renewable Energy investment scheme.

Additional details can be accessed via the APS Bank website.