Deutsche Bank has teamed up with the European Investment Bank Group to introduce discounted mortgages for climate-friendly housing in Germany.
The impetus behind this new product lies in addressing the pressing need for sustainable living solutions. As concerns over climate change continue to escalate, there is a growing demand for initiatives that promote environmentally conscious practices. Recognising this, Deutsche Bank aims to provide tangible support to individuals in Germany seeking to build or modernise homes with a reduced carbon footprint.
Deutsche Bank is a leading player in the financial services sector, offering a wide range of banking and investment services to clients worldwide. With a legacy of innovation and a commitment to excellence, the bank has established itself as a trusted partner for individuals and businesses alike.
The newly launched product from Deutsche Bank focuses on providing discounted mortgages to facilitate the construction of climate-friendly houses or the retrofitting of existing homes for improved energy efficiency. By offering more favourable financing terms, the bank aims to incentivise sustainable building practices and empower customers to make environmentally conscious choices.
One of the key features of this initiative is the stringent sustainability criteria that borrowers must meet to qualify for a mortgage. Whether it’s reducing primary energy demand or adopting other eco-friendly measures, Deutsche Bank is dedicated to ensuring that its financing supports projects with a positive impact on the environment.
In collaboration with the European Investment Bank Group, Deutsche Bank is poised to make a significant impact on the housing market in Germany. Through synthetic securitisation of consumer loans and regulatory capital optimisation, the bank can extend discounted mortgages to eligible borrowers, thereby promoting green living on a larger scale.
The overarching goal of this partnership is to provide over €600 million in low-interest mortgages, facilitating the construction of thousands of climate-friendly homes across Germany. This ambitious endeavour reflects the shared commitment of Deutsche Bank and the EIB Group to environmental sustainability and responsible banking practices.
In a statement regarding the collaboration, EIB Vice-President Nicola Beer emphasised the importance of climate-friendly housing in enhancing energy efficiency and improving overall quality of life. Similarly, EIF Chief Executive Marjut Falkstedt underscored the significance of the transaction in advancing the green transition and empowering individuals to make sustainable choices.
Achim Kuhn, Head of Product Management at Deutsche Bank, expressed enthusiasm for the partnership with the EIB Group, highlighting the bank’s dedication to expanding mortgage financing options and promoting energy-efficient housing solutions. As Deutsche Bank continues to innovate in the realm of sustainable finance, it reaffirms its commitment to driving positive change and fostering a greener future for all.
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