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HSBC Egypt launches Green Personal Finance to aid sustainability | |
| Staff Writer |
HSBC Green Personal Finance offers an interest rate discount on standard personal finance products and flexible repayment periods. It is available exclusively for the purchase of electric vehicles or solar panels for homes and associated installation expenses.
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“We all have a role to play in climate action, and HSBC is mobilising finance to support our customers’ transitions to net-zero, providing competitively priced green finance to support the sustainability choices of our customers,” said Nesreen Hafez Head of Wealth and Personal Banking at HSBC Egypt.
“HSBC has set out an ambitious plan to unlock finance solutions that can support our customers in their energy transition. Our green finance products are designed to support the efforts of our customers to build a more sustainable lifestyle….,” Hafez said.
The bank is to lead the transition to a global net-zero economy and with its current commitments expects to give anywhere between $750bn and $1 trillion in sustainable financing and investment across the world by 2030 to support smooth client transition.
Additionally, HSBC is leveraging its network throughout the Middle East to identify start-up firms in the region that are developing carbon-cutting technologies as part of the climate innovation workstream within its Climate Solutions Partnership.