, Singapore
184 view s
Photo by Micheile Henderson via Unsplash.

CIMB launches green loan for SMEs

They can receive rebates of up to 0.4% depending on their targets.

CIMB Singapore has launched the SME Sustainability Linked Loan/Financing Programme (SME SLL/SLF Programme) aimed at providing small and medium-sized enterprises (SMEs) with easier access to sustainable financing.

Clients will enjoy rebates of between 0.2% to 0.4% when they meet pre-set sustainability performance targets (SPTs).

For the first 12 months of enrollment, CIMB will give its clients a 0.2% rebate on their interest/ profit rates upon successful verification of baseline emissions.

From the second year, this rebate can increase to 0.4%, depending on the sustainability performance targets achieved. 

CIMB worked with STACS, a Singapore-headquartered ESG data and technology solutions company; and Bureau Veritas, a testing, inspection, and certification company, to make the programme happen. 

Once clients have agreed on an SPTs with CIMB, they will calculate their baseline carbon emissions through ESGpedia, a digital platform by STACs.

Bureau Veritas will verify whether clients have achieved their targets.

Follow the link s for more news on

Join Asian Banking & Finance community
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!