Solar panels on the roof of a house: over the past two years almost 6,500 green personal loans valued at €139m have been drawn down. Photograph: iStock
Green lending includes loans advanced to finance home improvements that enhance energy efficiency as well as loans used to finance the purchase of electric or plug-in hybrid cars. The total number of personal loan drawdowns rose by 17.9 per cent in 2023 to almost 203,000, with loan values up by 23.3 per cent to more than €2 billion, the BPFI said.
There were 12,283 home improvement loans in the fourth quarter, virtually unchanged on the same period in 2022. These were valued at €139 million, 9.4 per cent higher than a year earlier.
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