Banco Nacional sets up a green fund

Banco Nacional said that it has joined with an Austrian-German consortium to provide loans for firms friendly with the environment. The European entity is Austria Österreichische Bundesforste AG.

The credit is mainly for small and medium enterprises that have invested in environmental projects.

The type of project that might qualify for this credit would be a hotel that is changing from obtaining power from the electrical utility to creating it with a solar system, the bank said. Also listed were clean water projects.

The bank said that it was reducing the interest rate a half a percent for such credits.

There also is money available for technical advice for potential projects, said the bank.

This entry was posted in Costa Rica News. Bookmark the permalink.