Orabank and the French Development Agency (AFD) signed a partnership agreement in August 2014 worth an initial 5 million euros to implement the SUNREF (Sustainable Use of Natural Resources and Energy Finance) programme. Thanks to the SUNREF programme, Orabank can support personal and business banking customers within the West African Economic and Monetary Union (UEMOA) with sustainable development projects relating to energy efficiency and renewable energies. To achieve this, Orabank is able to offer financing to prospective and existing customers who are eligible for the programme, with the technical support of the AFD.
The roll-out of the programme began on 9 February 2015 with the training of teams at Orabank Togo and will continue throughout the rest of the year across all of the Group's subsidiaries and branches. The SUNREF-UEMOA credit line is available to banks within the UEMOA zone and is worth a total of 30 million euros. Its purpose is to finance projects relating to energy efficiency and renewable energies proposed by businesses and individuals. Orabank Group has made a firm commitment to support projects that aim to develop renewable energies in Africa as part of its environmental and social policy.