EBRD presents Green TFP awards

The European Bank for Reconstruction and Development has recognised the most successful banks under its Green Trade Facilitation Programme with awards for their performance in 2019. 

The Green TFP allows partner banks under the Trade Facilitation Programme to use their existing trade finance facilities for the financing of exports, imports and local distribution of imported green technologies and materials.

Awards include: The prize for the Most Active Issuing Bank in 2019 – Green Trade went to Greece's Piraeus Bank. The bank facilitated the highest number of transactions, most of them in the renewable energy sector, with a total CO2 emission-reductions impact equivalent to taking 6,000 cars off the roads in Athens each year.

The prize for the Most Active Confirming Bank in 2019 – Green Trade was awarded to Germany's Commerzbank. The bank successfully supported the highest number of transactions under the Green TFP as a confirming bank, with an annual CO2 emission-reductions impact equivalent to the carbon footprint of 32,000 passengers flying from Germany to Mallorca and back.

Prizes for Deal of the Year – Green Trade were awarded to:

• BLOM Bank for improving the energy efficiency of the residential sector in Lebanon, with an energy-savings impact equivalent to the annual electricity consumption of 10,000 Lebanese households.
• Ukreximbank for boosting energy supply and energy security in Ukraine by reducing reliance on fossil fuels, with an impact equivalent to generating the energy that would be required to power 12,000 electric cars for more than a year.
• Converse Bank and Commerzbank, jointly, for encouraging best practices in industrial water efficiency in Armenia, with a water-savings impact equivalent to the annual water consumption of 220 Armenian households.
• Commercial International Bank, QNB ALAHLI, Banque de Tunisie, UBCI and BCR, jointly, for promoting responsible forest management by supporting trade in sustainably sourced secondary wood products, with a CO₂ emission-reductions impact equivalent to planting more than 15 million trees.