Malaysia's CIMB targets US$7.2 billion in sustainable finance by 2024

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KUALA LUMPUR: Malaysia\u0027s CIMB Group Holdings Bhd has committed to meet an RM30 billion (US$7.16 billion) target in sustainable finance offerings by 2024, the bank said on Wednesday (Sep 22). The country\u0027s second-largest lender by assets said the target includes wholesale and commercial financing, bond

KUALA LUMPUR: Malaysia's CIMB Group Holdings Bhd has committed to meet an RM30 billion target in sustainable finance offerings by 2024, the bank said on Wednesday .

The announcement follows its larger rival Malayan Banking Bhd, which in July said it was committed to implementing a 50 billion ringgit sustainable product framework within this year. The bank has committed close to RM1 billion sustainability-linked loans for corporate clients, out of RM3 billion earmarked through 2024.

 

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