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64 Impacts on research, education and innovation: • Research and science: Within the framework of a research and development project, € 60 million was invested in the further development of drives for the purpose of hybridization, electrification and reduction of emissions and fuel consumption, with € 25 million financed by us. We also financed a research project for the development of polyolefin recyclate material for high-quality uses and international technology leadership. • Training and development: Soft loans totaling approx. € 11 million were provided in Tanzania and Cameroon for the erection of a technical training center and a vocational training center. Sustainable financing at the network banks Central Europe (CE) In Poland, offerings by Raiffeisen Polbank on the loan market include a de minimus guarantee within the framework of a government program managed by Bank Gospodarstwa Krajowego (BGK), the state development bank of Poland. Micro, small and mediumsized entities are supported in this way through improved liquidity. The portfolio of Raiffeisenbank Polbank in the area of renewable energy encompasses 17 wind farm projects with a total volume of approx. € 102 million. In Slovakia, Tatra Banka, a.s. financed four new renewable energy projects in 2016. The projects are still in the construction phase and encompass a financing volume of approx. € 8 million. Tatra banka, a.s. also offers business loans from resources of the European Investment Bank (EIB) for improving the energy efficiency of buildings, industrial plants or infrastructure to small business owners, property managers or apartment buildings as well as to small cities and municipalities and energy service companies (ESCO). The overall portfolio of renewable energy projects amounts to approx. € 209 million and consists of over 100 individual projects. In the Czech Republic, Raiffeisenbank, a.s. financed five new solar energy plants in 2016 with a total volume of € 57 million as well as a residence for seniors in the amount of approx. € 5 million. In addition, Raiffeisenbank, a.s offers green loans to SMEs with the support of the European Investment Fund (EIF). Preferential financing is also offered for agricultural land. The total financing volume for renewable energy amounts to approx. € 415 million for 30 projects. In Hungary, Raiffeisen Bank Zrt. financed a solar power plant in 2016. Overall, the portfolio encompasses five renewable energy projects in the amount of approx. € 30 million. Southeastern Europe (SEE) In Albania, Raiffeisen Bank Sh.A. provided financing totaling € 17.3 million for six renewable energy projects. At Raiffeisen BANK dd Bosna i Herzegovina, small and medium-sized entities receive funding through the “EBRD Funding Energy Efficiency and Renewable Energy Program in the Western Balkans” for projects in the areas of energy efficiency in buildings or renewable energy. Five smaller renovation and replacement investments for the purpose of energy savings were also financed. The overall portfolio for renewable energies totals € 3.6 million. Raiffeisenbank (Bulgaria) EAD offers four programs aimed at encouraging desirable investments: the “KfW Energy Efficiency Program”, the “EIB III Energy Efficiency Program”, the “BEERECL – Bulgarian Energy Efficiency and Renewable Energy Credit Line” and the “EBRD BEECIFF Energy Efficiency Program and Green Economy”. All programs aim to increase energy efficiency, investment in renewable energy sources including wind, solar, geothermal and hydropower and the verifiable reduction of energy consumption and CO2 emissions. Also in 2016, the bank financed three wind power plants in northeast Bulgaria, near the Black Sea, and one hydropower plant in the Blagoevgrad region with a total capacity of about 56 megawatt-hours. The total of all renewable energy financing projects was approx. € 8.6 million.


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