, Singapore

Citi launches its Sustainable Trade and Working Capital Loans solution

It aims to give liquidity for international trade finance activities and other commercial activities.

Citi has launched its Sustainable Trade and Working Capital Loans (Sustainable T&WC Loans) solution.

The loans aim to assist the bank’s corporate, commodity, financial institution, and commercial banking clients in managing their working capital needs. It will provide liquidity for international trade finance activities and other general day-to-day commercial activities.

Citi added that the Sustainable T&WC Loans solution can also support clients with their sustainability goals, where the proceeds of the loan are used for an environmental or social purpose. 

The solution can provide clients with a framework for incentivised pricing when certain sustainability criteria are met.

The new loans solution is part of Citi’s sustainability commitment. The bank recently updated its sustainable goals for the next decade, committing $1t to sustainable finance by 2030: $500b which is for environmental finance, and the remaining half for social finance.

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