The three loans were approved for HSBC customers purchasing houses in The Sustainable City community in Dubai.
HSBC UAE’s green home loans offer an interest rate discount of 0.25 per cent for properties that meet certain sustainable criteria, and a 50 per cent discount on applicable arrangement fees.
“Sustainable development is more important now than it’s ever been and it’s vital that banks support customers with competitively priced green finance, and to encourage more sustainable behaviours. Issuing the UAE’s first-ever green mortgages is a significant moment for the country’s housing and financial markets, and demonstrates the appeal of green retail finance to customers looking to make more sustainable decisions while appreciating the financial upside,” said Daniel Robinson, Head of Wealth & Personal Banking at HSBC UAE.
HSBC launches Sustainable and Transition Finance Team in MENAT
24 Jan 2021 - 8:29
The Peninsula
Doha: HSBC has announced the formation of a dedicated Sustainable and Transition Finance Team in the Middle East, North Africa and Turkey (MENAT). The Team will help institutions, corporates and individuals transition to a more sustainable economy.
Speaking at Abu Dhabi Sustainability Week, Noel Quinn, HSBC Group Chief Executive, said: “Our best chance to achieve a successful global transition to net-zero is in partnership, where the public and private sectors are working together to create the optimal conditions for sustainable growth and are aligned on a common goal.”
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