HSBC launches green personal finance in Egypt for its retail customers. This is the latest step in support of clients in their efforts to achieve a net zero-carbon future.
HSBC Green Personal Finance offers a discount interest rate on standard personal financing products as well as flexible repayment terms. HSBC Green Personal Finance can only be used to purchase electric vehicles or solar panels for your home and for associated installation costs.
“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 and the launch of HSBC Green Personal Finance supports the Egyptian Government’s 2030 vision and its ambitious goal for renewables to make up 42% of the country’s energy mix by 2035,” Nesreen said.
HSBC was named the Best Bank in the Middle East for Sustainable Finance for three consecutive years by Euromoney, a global financial news provider.
HSBC is committed in helping to lead the transition toward a global net-zero economy. It expects to provide between $750 billion to $1 trillion in sustainable financing worldwide by 2030 to assist its clients in this transition.
HSBC also leverages its network in the Middle East to find start-up companies that are developing carbon-cutting technology as part of its global Climate Solutions Partnership.
