HSBC Egypt inaugurates Green Personal Finance

In an effort to assist customers in their transitions to a net-zero carbon future, HSBC Egypt launched the Green Personal Finance Initiative for its retail customers in Egypt.

Standard personal finance products from HSBC Green Personal Finance come with a discounted interest rate and flexible payback terms. It can only be used to pay for the installation costs of solar panels for residences or the purchase of electric automobiles.

Additionally, HSBC has been recognised by Euromoney, a reputable source of worldwide financial news, as the Best Bank in the Middle East for Sustainable Finance for three years running.

The bank plans to deliver between $750 billion and $1 trillion in sustainable financing and investment globally by 2030 to support its clients in their transitions. The bank is also committed to aiding in the global transition to a net-zero economy.

In addition, as part of the climate innovation workstream within the bank’s worldwide Climate Solutions Partnership, HSBC is utilising its network throughout the Middle East to find start-up companies in the region that are developing carbon-cutting technology.