Aleinikov & Partners is advising MTBank on its entry into an agreement with Nordic Environment Finance Corporation aimed at cooperative financing of energy efficient projects.
The MTBank Energy Efficiency facility will provide funding to small and medium-sized businesses and private households in Belarus, for the renewal of equipment in production facilities and energy efficiency in the forestry sector and renovation of households, among other things. The projects are designed to reduce emissions and to provide energy savings.
“This agreement is not only aimed at providing small and medium-sized businesses with the necessary financial funds, but it also allows us to use the latest achievements of green technology in the area of energy efficiency,” said Valery Smaliak, Deputy Chairman of the Managing Board at MTBank.
MTBank was founded in 1994 and has its headquarters in Minsk, with 151 branch offices and some 1450 employees across Belarus, as well as almost 15,000 corporate customers and 405,000 retail clients.