QNB ALAHLI (QNB) has announced that it is launching the first green retail-financing programme on Wednesday, in cooperation with the European Bank for Reconstruction and Development (EBRD).
The initiative is also supported by the European Union and the Green Climate Fund. The programme comes within the Central Bank of Egypt’s strategy to encourage green economy and boost sustainability.
Customers will benefit from 10 percent cashback on retail banking facilities. Mohamed Bedier, QNB’s CEO highlighted the bank’s commitment to support economy’s green transition through innovative financing programmes.
QNB already has a number of agreements focused on energy and resource efficiency projects, in addition to developing green projects.
The bank’s official website stressed its dedication to take all measures needed to “implement and activate the plans and directions of the Central Bank of Egypt and Egypt’s Vision 2030” and comply with the Principles of Responsible Banking.
