CIMB Bank Bhd and CIMB Islamic Bank Bhd have rolled out preferential financing rates for new hybrid vehicles and residential properties certified under the Green Building Index (\u201cGBI\u201d).\u00a0<\/p>\n
The move marks another significant step towards the CIMB Group\u2019s (\u201cthe Group\u201d) embracing of Environmental, Social and Governance (\u201cESG\u201d) principles Group-wide.<\/p>\n
CIMB customers will be offered 10 basis points (0.10%) lower interest rate versus the applicable promotion interest rate, for new hybrid vehicles1 as well as for GBI-certified residential properties.<\/p>\n
These offers support CIMB Group\u2019s commitment to embed sustainability principles Group-wide, while also supporting the global initiative for responsible banking, through the Group\u2019s membership of the United Nations\u2019 (UN) Environment Programme Finance Initiative Principles for Responsible Banking (UNEP-FI).<\/p>\n
CIMB Group is currently the only banking group in Malaysia and ASEAN to be a founding member of the sustainable initiative, together with 26 other leading banks from five continents and 19 countries.<\/p>\n
Samir Gupta, CEO, Group Consumer Banking, CIMB Group, said, \u201cAs a leading ASEAN universal bank, CIMB\u2019s strong regional footprint represents not just our strength, but also our responsibility to help shape the region\u2019s environmental agenda through responsible banking.\u201d<\/p>\n
\u201cWe are pleased to be the first bank in Malaysia to introduce lower financing rates for vehicles and properties that are environmentally friendlier \u2013 proof that we are putting our ESG commitment into action. This is another significant step towards fulfilling CIMB\u2019s commitment to embed ESG into our business model, and we look forward to introducing more products and services that will result in a more positive impact on the environment and communities.\u201d<\/p>\n
Rafe Haneef, CEO, Group Islamic Banking, CIMB Group, who also heads the Group\u2019s sustainability initiative, commented, \u201cThese lower-financing banking products not only add value to our customers, but are also a meaningful step towards fulfilling our commitment to achieve UNEP-FI\u2019s objectives to ensure the banking industry creates a positive impact not just economically, but also socially and environmentally.\u201d<\/p>\n
\u201cOur membership of the UNEP-FI also supports Bank Negara Malaysia\u2019s Value-Based Intermediation strategy for the Islamic banking industry, as well as CIMB\u2019s own ongoing initiative to embed sustainability into all aspects of our operations Group-wide.\u201d<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
CIMB Bank Bhd and CIMB Islamic Bank Bhd have rolled out preferential financing rates for new hybrid vehicles and residential properties certified under the Green Building Index (\u201cGBI\u201d).\u00a0 The move marks another significant step towards the CIMB Group\u2019s (\u201cthe Group\u201d) embracing of Environmental, Social and Governance (\u201cESG\u201d) principles Group-wide. CIMB customers will be offered 10 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-2120","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=2120"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2120\/revisions"}],"predecessor-version":[{"id":4435,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2120\/revisions\/4435"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=2120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=2120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=2120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}