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DBS Bank offers first blue loan in Taiwan to FENC

DBS Bank Taiwan (星展台灣) yesterday announced that it has offered polyester and textiles producer Far Eastern New Century Corp (FENC, 遠東新世紀) a blue loan of NT$1 billion (US$33.65 million), which would help FENC recycle more marine waste and implement ocean protection projects, the bank said.
The loan is not only the first blue loan in Taiwan, but also the first blue loan provided by Singapore-based DBS Group Holdings Ltd, the local unit of DBS Group told a news conference yesterday.
FENC has since 2016 collaborated with Adidas AG and non-governmental organization Parley for the Oceans to commercialize trainers using recycled plastic ....

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