The European Bank for Reconstruction and Development (EBRD) has extended an €80 million portfolio risk-sharing guarantee to BNP Paribas Bank Polska (BNPPBP) to expand access to green financing for Polish households.
The agreement will enable BNPPBP to issue approximately €100 million in sub-loans to individuals for residential energy efficiency upgrades, renewable energy installations, and sustainable transport-related investments. The initiative aims to modernise heating systems and support comprehensive thermal renovations in single-family homes across Poland, which constitute nearly 40% of the country’s residential building stock.
The programme is intended to address Poland’s high residential energy and carbon intensity, as well as persistent air pollution stemming largely from coal-based heating systems. Residential heating is estimated to account for around 40% of the nation’s energy use.
The project aligns with the EBRD’s Green Economy Transition (GET) strategy and is supported by EU partial first-loss risk coverage and technical assistance under the InvestEU Programme.
Commenting on the initiative, Andreea Moraru, EBRD Regional Director for Poland and the Baltic States, said: “By modernising and decarbonising the Polish residential and transport sector, we are supporting Poland’s green transition and improving the comfort and quality of life for residents.”
BNPPBP executives also noted the importance of such financing for household-level energy improvements. “Investing in new heat sources is a significant but unavoidable expense for our clients,” said Adam Hirny, Director of Sustainable Business Development at the bank. “We remain committed to supporting this transition using available EU instruments, such as InvestEU guarantees.”
BNP Paribas Bank Polska is majority owned by the BNP Paribas Group, with the EBRD holding a minority stake. The EBRD has invested nearly €16 billion in Poland to date across 560 projects, including €1.43 billion in 2024 alone.
