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OCBC pilots green financing framework for SMEs

Friday 27 November 2020 12:09 CET | News

OCBC has launched a framework designed to make access to financing easier for small and medium enterprises (SMEs) that are involved in sustainable activities.

According to finews.asia, the new Sustainable Financing Framework helps SMEs in Singapore to access financing of up to USD 14.89 million to accelerate their sustainability plans.

Developed with the support of the Monetary Authority of Singapore’s (MAS) Green and Sustainability-Linked Loan Grant Scheme, the framework eliminates the need to establish a customised framework for each company.

Financing under the framework can come in the form of solutions such as green loans, green letters of credit and green banker’s guarantees. It covers green activities in eight categories, including clean transportation, green buildings, energy efficiency and more.

 


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Keywords: OCBC, green financing, SMEs, sustainability
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: Singapore
This article is part of category

Banking & Fintech