D6.1 Summary of discussions with financial institutions

The energy retrofitting of homes can be greatly accelerated by introducing targeted green finance products, thereby reducing existing financing barriers.

The first step towards this is to better understand the information needs, internal product design and decision-making processes of financial institutions involved in greening the residential sector in Hungary, and then to partner with and support them in developing simplified financial products tailored to renovation.

In-depth interviews to gain insight focused primarily on bank experts responsible for strategic planning, product development and risk analysis.
During the in-depth interviews and consultations, close cooperation was established with the Hungarian Banking Association, which effectively assisted the RenoHUb team in reaching out to financial institutions and provided a regular forum for presenting the project results and exchanging views.

An effective series of consultations was held with the relevant representatives of the MNB, the European Investment Bank, the European Bank for Reconstruction and Development and nearly 15 commercial banks.

D6.2 Information material for financial institutions

The aim of the briefings was to provide financial institutions’ staff with a deeper understanding of the technical content and financial risks of energy efficiency projects and the opportunities for cooperation offered by RenoHUb’s “one-stop shop” concept and approach. In order to achieve this objective, repeated “sensitisation” presentations and subsequent consultations were organised.

The training activities were organised in cooperation with the Hungarian Banking Association, thus addressing several financial institutions at the same time, and one bank participated in the meetings on its own.

The Report D6.2 Information material for financial institutions document describes these training activities (in English) and includes the material (in Hungarian) presented at them.