HSBC rolls out new green loan

HSBC Singapore wants to make green finance easier and less costly for small and medium enterprises (SMEs) with a new green loan that will accept applications based on Singapore industry certifications.

This does away with the need for typically onerous green finance frameworks.

"We hear a lot of interest from SME clients in green loans, but we see limited action - this is not for want of trying, but comes down to accessibility," said HSBC Singapore's head of business banking Ng Li Lian to The Business Times, as the bank launched the SME Green Loan on Monday.