RHB ups its sustainable financial service target

TheStar Fri, Apr 19, 2024 12:00am - 3 weeks View Original


CEO Mohd Rashid said RHB will continue to drive growth in green financing.

PETALING JAYA: RHB Bank Bhd is targeting to increase its 2026 sustainable financial services from RM20bil to RM50bil after recording strong achievements in the area.

In a statement, group managing director and chief executive officer Mohd Rashid Mohamad said with the aim to demonstrate commitment towards sustainability, the bank had collectively mobilised RM23.8bil in 2023, exceeding the initial target of RM20bil by 2026.

According to Mohd Rashid, RM11.3bil was utilised for green activities, including renewable energy projects and energy efficiency solutions.

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