PETALING JAYA: Hong Leong Bank Bhd has approved nearly RM300mil in financing for renewable energy (RE) projects as of August this year out of its RM500mil commitment over four years.
Hong Leong Bank’s managing director of business corporate banking Yow Kuan Tuck said the bank has identified RE as a commercially viable industry with a significant growth potential, taking into consideration that the government has also been actively developing the industry.
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