Bangkok Bank unveils green transition loan for businesses

The credit can be as high as $283m (THB10b)

Bangkok Bank has launched a green transition loan with a credit of up to THB10b (about $283.8m).

The Bualuang Green Financing for Transition to Environmental Sustainability loan offers a low interest rate and a maximum loan term of eight years, Bangkok Bank said in a press release.

The loan aims to provide financial support for businesses wishing to transition towards environmental sustainability in three aspects: carbon emission reduction, climate transition, and pollution reduction. They are required to have an investment project aimed at enhancing environmental sustainability in one of the three aspects, said Bangkok Bank senior EVP Siridej Aungudomsin.

The loan is available to large, medium, and small enterprises, including individual business operators and juristic persons registered in Thailand with an establishment in the country, Aungudomsin added.

In its statement, Bangkok Bank noted Thailand’s goal to achieve carbon neutrality by 2050 and net zero greenhouse gas emissions by 2065 as inspirations for its new green loan.

“Although these targets are several decades away, businesses must begin adapting now due to the implementation of the Carbon Border Adjustment Mechanism (CBAM) in the European Union (EU), which will be effective from 2026,” the bank stated.

(US$1 = THB35.24; as of 12 August 2024, 11:08 AM)

Follow the link for more news on

Bangkok Bank

Also Read

BRI may miss micro loan growth target amidst asset quality concerns

Malaysia's private loans grew 5.5% in July

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit