Maybank achieves half of RM80bil green loans goal, says CEO FMTNews FMTBusiness
PETALING JAYA: Malayan Banking Bhd , Malaysia’s largest lender, has reached the halfway mark in its goal to allocate RM80 billion towards sustainable finance by 2025.
“We can talk about moving into renewables straight away, but equally important is how we support our clients on transition financing and transition advisory,” he said.CIMB Group Holdings Bhd, which counts sovereign wealth fund Khazanah Nasional Bhd as its largest shareholder, aims to allocate RM60 billion to sustainable funding by 2024, twice its initial goal.The amounts, while large, aren’t enough to wean businesses off fossil fuels and address other sustainability goals.
Already positioned as the fourth-largest lender in Southeast Asia by assets, Khairussaleh noted that Maybank has established Cambodia as a fresh frontier for universal banking.
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