Maybank Reaches Half of $17.3 Billion Green Loans Goal: CEO
- Maybank sets aside 4.5 billion ringgit in capex for 3-5 years
- Expects Malaysia’s central bank to keep interest rates on hold
This article is for subscribers only.
Malaysia’s biggest lender Malayan Banking Bhd. is halfway toward meeting its target of putting 80 billion ringgit ($17.3 billion) toward sustainable finance by 2025.
A big chunk of the green loans has been disbursed to support Singapore-based companies’ shift to low-carbon sources, Maybank Group Chief Executive Officer Khairussaleh Ramli said in an interview at his office.