Our Sustainable Energy Financing Facilities (SEFFs) unlock energy-saving potential and build know-how by extending credit lines to financial institutions. They provide these institutions and their clients with expert guidance on designing lending products and assessing opportunities to turn sustainable energy projects into sound investments. Through these facilities and our direct sustainable energy lending, companies of all sizes can pursue energy efficiency or small-scale renewable projects that boost profitability and increase competitiveness, while also reducing their carbon footprints. For example in 2013, our PolSEFF facility channelled €50 million to Polish small business for energy efficiency projects. Meanwhile, loans to the residential sector increase comfort while reducing utility bills. In 2013 we invested in 46 residential energy efficiency projects, committing €460 million.
While Turkey continued to lead in overall SEFF business volume, this year saw an impressive 136 per cent increase in disbursements to Russian businesses through the Russian Sustainable Energy Financing Facility (RuSEFF). We achieved this through the effective targeting of small and mid-sized banks, integrating sustainable energy lending products into their existing portfolios.