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Monday, October 2, 2023

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RHB Banking Group unveils Green Financing Scheme for SMEs with RM1.5 billion (US$333.35 million) target in sustainable financing by 2024

MALAYSIA: RHB Banking Group has introduced the RHB Green Financing Scheme, which is offered in both conventional and Islamic financing, with a target to extend a total of RM1.5 billion (US$333.35 million) in sustainable financing to businesses, particularly SMEs, by 2024, a press statement read.

This includes financing for renewable energy, construction, management and maintenance of green buildings, the manufacturing of biodegradable and eco-friendly products from recycled materials, as well as improved efficiency to reduce waste. The RHB Green Financing Scheme enables SMEs to tap into the Low Carbon Transition Facility initiative by Bank Negara Malaysia.

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