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BDL Environmental Loans

BDL Environmental Loans. Banque Du Liban Financing Unit.

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BDL Environmental Loans

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  1. BDL Environmental Loans Banque Du Liban Financing Unit

  2. By virtue of the Code of Money and Credit of 1963, the Central Bank of Lebanon’s general mission is to “safeguard the national currency in order to ensure the basis for sustained social and economic growth”. This mission specifically consists of: Safeguarding monetary and economic stability; Ensuring the soundness of the banking sector; Developing money and capital markets; Regulating and developing the payment, clearing and settlement systems as well as electronic financial operations. BDL Mission Statement

  3. The Central Bank controls banks’ liquidity: by monitoring or adjusting discount rates; by imposing on banks reserve requirements on their deposits in LBP. The Central Bank can also regulate banks’ credit in terms of volume and type: by imposing credit ceilings to limit credit risk; by directing credits toward specific sectors or purposes. BDL Tools

  4. The Central Bank of Lebanon can facilitate financing investments in specific economic sectors by exempting banks from part of the required reserve requirement to finance these projects at low cost. Target

  5. BDL is currently working with Ministry of Power, UNDP, the European Union (EU), and the Lebanese Center for Energy Conservation (LCEC) to provide potential investors in green technology, specifically in energy saving and renewable energy technology, with low cost financing and medium to long term maturities. Environmental Loans

  6. MOU Signed between BDL, UNDP and LCEC • Develop a vehicle to finance Energy Efficiency and Renewable Energy, called NEEREA (National Energy Efficiency and Renewable Energy Action). • Cooperate to involve International Donors and organizations (i.e. EU) to support NEEREA • Develop awareness and capacity building activities among Lebanese Commercial Banks and end consumers

  7. Industrial Sector, Touristic Sector, Commercial Sector, Medical Sector, Educational Sector, Residential Projects (Buildings, Houses), Other sectors… Sectors that can benefit from the NEEREA mechanism

  8. Environmental Projects Non-Energy Related: Any project concerned with pollution abatement, solid waste and waste water treatment, recycling. Ecotourism, organic agriculture, and landscaping. Energy Related (NEEREA Mechanism): Any undertaking related to Energy Saving and Renewable Energy. Lighting, Ventilation systems, Generators, Heating and Cooling, Refrigeration, Furnaces, Boilers, Solar Energy, Photovoltaic, Biomass, Wind energy, Buildings envelope, IT Equipment Applications.

  9. Environmental Projects Re-modeling Existing Projects: Repayment period up to 10 years, including the grace period. Grace period ranging from 6 months to 2 years. • New Projects: • Repayment period up to 10 years, beginning after the end of the grace period. • Grace period ranging from 6 months to 4 years.

  10. Subsidized Interest Environmental Loans

  11. Non-Subsidized Environmental Loans

  12. Rated Environmental Projects The value of the loan extended to finance EnvironmentalProjects would be calculated as follows: The cost of the property is excluded from the above scheme. The certification system developed by LEED is adopted, or equivalent classifications from other internationally recognized systems.

  13. Financing Cost for Rated Environmental Loans

  14. Grant Contract Signed between BDL and EU A grant contract was signed to support investments in sustainable energy in the amount of €12,200,000. The Central Bank would, pay a grant to subsidize loans extended to finance energy projects, with a maximum amount of $1m. energy loans:

  15. Thank You Banque Du Liban Financing Unit Phone: +961 1 743469 Fax: +961 1 750701 PO.Box 11-5544 www.bdl.gov.lb

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