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

Author

Listed:
  • Andrius Buteikis

    (Bank of Lithuania, Financial Stability Department, Vilnius University, Faculty of Mathematics and Informatics)

  • SkirmantÄ— MatkÄ—naitÄ—

    (Bank of Lithuania, Financial Stability Department)

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.

Suggested Citation

  • Andrius Buteikis & SkirmantÄ— MatkÄ—naitÄ—, 2026. "The energy efficiency of real estate used as collateral in household and non-financial corporation loans," Bank of Lithuania Discussion Paper Series 44, Bank of Lithuania.
    • Handle: RePEc:lie:dpaper:44
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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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