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HSBC Egypt launches Green Personal Finance for retail customers

HSBC Egypt launches Green Personal Finance for retail customers

Arab Finance: HSBC Egypt has launched Green Personal Finance (GPF) to support Egyptian retail customers’ efforts to realize the objective of net-zero carbon emissions, according to a press release on June 19th.

The new product offers an interest rate discount on standard personal finance with flexible repayment plans.

HSBC presents GPF exclusively for purchases of electric vehicles (EV) and solar panels for homes, along with installation expenses.

“HSBC has set out an ambitious plan to unlock finance solutions that can support our customers in their energy transition. Our green finance products are designed to support the efforts of our customers to build a more sustainable lifestyle,” Head of Wealth and Personal Banking at HSBC Egypt Nesreen Hafez said.

It is worth mentioning that HSBC is anticipated to provide up to $1 trillion worth of sustainable financing and investment globally by 2030 to support the transition towards a net-zero economy.

On June 7th, HSBC Egypt launched an EGP 1 billion technology entrepreneurs lending program for high growth tech entrepreneurs seeking international investments.

Founded in 1982, HSBC Egypt is a multinational bank providing a wide range of banking and related financial services through a network of 100 branches and 20 mini bank units in Cairo, Alexandria, Sharm El Sheikh, Hurghada, Borg El Arab, and 6th of October City.

 

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