Hong Leong Bank sees growth in RE, viable investment for SMEs

Hong Leong Bank has approved up to RM1.3bil in RE financing to-date.

KUALA LUMPUR: Hong Leong Bank (HLB) sees growth in renewable energy (RE) as a commercially viable investment for SMEs and the bank has approved up to RM1.3bil in RE financing to-date.

The bank said solar power is the fastest-growing renewable power source in the world and in Malaysia. Its uptake and investment have been ramping up over the past few years with initiatives such as green technology incentives and enhanced net energy metering (NEM) programs.