The energy efficiency of real estate used as collateral in household and non-financial corporation loans

Andrius Buteikis and Skirmante MatkÄ—naite ()
Additional contact information
Andrius Buteikis: Bank of Lithuania, Financial Stability Department, Vilnius University, Faculty of Mathematics and Informatics
Skirmante MatkÄ—naite: Bank of Lithuania, Financial Stability Department

No 44, Bank of Lithuania Discussion Paper Series from Bank of Lithuania

Abstract: This paper examines the energy efficiency of real estate used as collateral for bank loans in Lithuania, addressing the issue of missing data on building energy performance. We develop econometric models to estimate energy efficiency based on building type and characteristics and link the real estate energy data with loan-level information from the national credit register. Our primary contribution is the development of models to impute missing energy efficiency classifications, offering insights into the quality of real estate-backed bank credit in the context of climate-related risks. Our findings highlight that a significant portion of bank loan portfolios in Lithuania lacks energy efficiency data. We also propose specifications of our models as a potential benchmark for market practices and discuss policy recommendations to address data gaps, enhancing risk assessment and transparency in the financial sector.

Keywords: Climate Change; Energy Efficiency; Asset Pricing; Real Estate Collateral (search for similar items in EconPapers)
JEL-codes: G21 G28 G32 (search for similar items in EconPapers)
Pages: 68 pages
Date: 2026-01-27
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.lb.lt/uploads/publications/docs/62569_ ... 1489655582483500.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lie:dpaper:44

Access Statistics for this paper

More papers in Bank of Lithuania Discussion Paper Series from Bank of Lithuania Bank of Lithuania Gedimino pr. 6, LT-01103 Vilnius, Lithuania. Contact information at EDIRC.
Bibliographic data for series maintained by Aurelija Proskute ().