This enables DBS China to offer low-cost loans to fund sustainable development projects in key sectors including clean energy, energy saving, environmental protection and carbon emission reduction technologies, says DBS on Feb 9.
DBS (SGX:D05
) is the first Southeast Asian bank chosen by the People's Bank of China (PBOC) to participate in its Carbon Emission Reduction Facility.
Under the programme, China’s central bank will extend low-cost funding to DBS Bank (China) Limited, which sits on a select panel of financial institutions.
