About the UmweltBank
Sabine and Horst P. Popp had the idea of founding a bank that would bring ecology and economy into harmony as early as 1994. After “Germany’s first green bank shares” were issued in 1995, the starting signal was given two years later: the UmweltBank has been active on the market with the financing of ecological projects since 1997.
The bank mainly finances larger projects, e.g. residential projects, wind and solar parks. Borrowers are primarily commercial customers. But private individuals can also finance their own home with the UmweltBank, for example. For a long time, the minimum credit volume was EUR 50,000. In order to enable smaller investments, such as ecological renovation, the UmweltBank introduced the Environmental Wish Loan (UmweltWunschkredit) at the end of 2020. “We have been feeling increased demand in this area for some time. The zeitgeist that people are thinking more and more ecologically is of course advantageous for us”, explains Michael Jessen, team leader for private financing. With the new sustainable instalment loan, the institute is concentrating on four business areas:
- Photovoltaic (PV) systems
- Construction financing
- Tiny houses
The new Environmental Wish Loan
“Germany’s greenest bank” focuses on supporting the financing of PV systems with the Environmental Wish Loan. The business area accounts for around 50% of the total volume. The other 50% is divided between the areas of construction financing, electromobility (in addition to e-cars also e-cargo bikes) and tiny houses.
The minimum loan amount when applying for an Environmental Wish Loan is EUR 10,000. There is no such thing as a typical clientele, rather it ranges from self-sufficient farmers to sustainable house builders. “Due to rising energy prices, many homeowners have now understood that they can save money with a PV system”, says Jessen.
Interest in financing e-cars is also constantly increasing – especially for used cars. For the bank advisor, this can be explained by the interaction between manufacturers and car banks when selling new cars.