UABs Green Initiative: Creating Awareness About Climate Change
Sharjah: United Arab Bank (UAB) has unveiled its Green Sustainable Finance products in line with the UAE governments climate change initiatives. The launch of these products, which fall under the banks Retail Banking division, aims to support customers looking to acquire sustainable residential properties or vehicles, including electric and hybrid models. As part of this initiative, UAB will provide special rates and fee discounts to customers who are contributing to a greener future. Moreover, the bank plans to commemorate each Green Sustainable Finance agreement by planting a tree or mangrove, symbolizing its commitment to environmental stewardship. Source: Zawya
Mr. Shirish Bhide, CEO of UAB, expressed the banks wholehearted support for the UAE governments strategic policies in achieving Net Zero by 2050. He emphasized UABs dedication to environmental initiatives and the provision of green finance products as options for their customers. Mr. Emre Yalcin, Head of Retail Banking at UAB, acknowledged the increasing environmental awareness and concern among its UAE customers and expressed pleasure in supporting those making environmentally responsible choices. The bank will offer special benefits for loans and mortgages relating to eco-friendly residential properties and vehicles, such as electric or hybrid cars. Source: Zawya
UABs green initiative aims to raise climate change awareness by highlighting the advantages of opting for electric or hybrid vehicles and green residential properties. By offering green sustainable products, UAB intends to make it more affordable for borrowers to invest in environmentally friendly transportation and housing options. The banks commitment to the environment is further demonstrated through the planting of a tree or mangrove for every green mortgage or auto loan. This initiative exemplifies UABs dedication to incorporating sustainability across its services and aligning with environmental, social, and governance concerns. Source: Zawya
