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ProCredit Bank replaces its cars with electric vehicles throughout its branch network

May 12, 2015

The electromobiles will be used in Sofia, Plovdiv, Varna, Burgas and Stara ZagoraProCredit Bank has purchased 10 new cars, 100% powered by electricity. The bank has been replacing its auto fleet with electromobiles in order to eliminate harmful emissions, in line with the Bank’s policy to continuously decrease its negative impact on the environment. The purchase was a well-considered decision and makes ProCredit Bank the first financial institution in Bulgaria to deploy such a high number of electromobiles for the purposes of its daily activities. The daily routine of the Business Client Advisers involves regular visits to their business clients’ offices and production premises.

With this innovative investment, the Bank plans to reduce its fuel consumption by almost half, which will inevitably lead to a decrease in the harmful CO2 emissions resulting from its activities.

The electromobiles will be used in Sofia, Plovdiv, Varna, Burgas and Stara Zagora and also for short drives in the regions of these towns. The cars provide a comfortable journey in the urban environment with motor power of 49.96 bhp and can cover up to 150 km after a single charge of its lithium-ion battery, quite enough for one working day.

ProCredit’s eco-friendly cars consume roughly 0.135 kWh of electric power per hour, which is equivalent to the amount of power consumed by a microwave oven in 12 minutes. Moreover, the cars generate electricity when moving downhill. Their standard recharge takes 6 hours from the mains power supply and the battery capacity is 22 kWh. The cost of a complete recharge is 4 leva, which comes out to 2.70 leva per 100 km. Undoubtedly, their greatest positive effect is on the environment, since they release practically no harmful emissions into the atmosphere.

However, a serious constraint to the development of this type of transport is the limited number of charging stations at present. That is why ProCredit Bank is establishing its own charging stations in the towns in which the eco cars will be used. "We are planning to build charging stations close to the ProCredit Bank branches. They will be at our clients’ disposal and can be also used by all drivers of electric vehicles,” says Reni Peycheva, Executive Manager at ProCredit Bank.