IBF Finance Support Framework for Better Home Energy Efficiency

September 09, 2011

The Minister for Communications, Energy and Natural Resources, Pat Rabbitte TD, today launched a Finance Support Framework put in place by the Irish Banking Federation (IBF) and a number of its leading retail member institutions.  The initiative supports the Government’s objective to encourage people to improve the energy performance of their homes through the Sustainable Energy Authority of Ireland’s (SEAI) Better Energy Homes scheme – for details see http://www.seai.ie/Grants/Better_energy_homes/homeowner/

• A range of retail banks commit to operate within the IBF Finance Support Framework as follows.
• Each lender will make finance available to consumers who qualify for SEAI grants for energy efficient improvements to the home.
• The nature and structure of such finance, including terms and conditions, will be for each lender to determine; and may be developed on a stand-alone basis or in partnership with other parties such as energy providers.
• Each lender will set and apply its normal commercial lending criteria in assessing borrower suitability and capacity to repay.

The following IBF member institutions subscribe to this Finance Support Framework:

• AIB Bank
• Bank of Ireland
• EBS Limited
• Permanent tsb
• KBC Bank Ireland
• Ulster Bank

Note: The Irish Banking Federation (IBF) is the leading representative body for the banking and financial services sector in Ireland, representing over 80 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.