HSBC rolls out Singapore's first green loans for SMEs

Pedro Gonçalves
clock • 2 min read

HSBC makes an industry-first move by launching the HSBC SME Green Loan, focused on assisting small and medium enterprises to produce sustainable products with their ‘green' certifications. The green loan will be issued on a term basis at a minimum limit of $350,000, denominated in either Singapore dollars or US dollars. Applications will be subject to HSBC's usual credit-review process. The green loan will use the certifications awarded by Singapore industry authorities to certify the sustainability of green projects or assets. This will be a shift from the current practice by corp...

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