Bank of Ireland ups ‘green’ lending fund to €5bn to keep pace with growing demand

Irish Times | Jun 10, 2021 at 8:22 PM
  • Bank of Ireland aims to have €5 billion of sustainable finance loans by 2024 to keep pace with the growing demand for often-cheaper “green” loans from households to large corporations as Covid-19 has accelerated the focus on climate change.
  • Bank of Ireland’s green mortgage products for homes with high energy-efficiency ratings or to help borrowers upgrade their property are priced at a discount of 0.2 percentage points to each of its its fixed-rate home loans.
  • Bank of Ireland raised €750 million in March to fund sustainable projects through its first green bond and followed up two months’ later with a further €500 million issue, taking advantage of a fast-growing area of global finance.