Green loans

In 2018, Interparking took out a “green” loan; a loan with a cost that’s dependent on criteria linked to the firm’s environmental performance. This was a first in Belgium! BNP Paribas Fortis provided Interparking with the loan, of €80 million to finance its expansion. The interest rate was calculated based on two specific environmental indicators:

• to maintain our “CO2 Neutral” certification (undertaken by an independent and certified body) in all countries in which Interparking group operates;
• to increase the amount of electrical vehicle spaces by 300 every year.

Based on this loan criteria Interparking was able to claim a discount of around 10% on the cost of the loan by meeting these conditions. In 2021, we signed a new green IRS for a five-year period (see here).