In particular, home loans drove the overall Eco-Care Loans’ y-o-y growth, increasing four times in value compared to the previous year. OCBC’s sustainable home loans also accounted for close to a quarter of the number of new home loans extended by OCBC in 2022.
Oversea-Chinese Banking Corporation (OCBC) (SGX:O39
) says it has extended more than $3.5 billion via its OCBC Eco-Care Loans, accounting for one in five home, renovation and car loans by the bank since the scheme’s launch in March 2021.
Traction in 2022 was “particularly strong”, says OCBC in a March 27 press release, with the total value of OCBC Eco-Care Loans extended quadrupling y-o-y from 2021.
