Alliance Bank explores tie-up with Sedania to launch energy-saving programme for SMEs

From left: Raymond Chui Keng Leng, group chief SME and commercial banking officer of Alliance Bank; Rizal IL-Ehzan Fadil Azim, CEO of Alliance Islamic Bank; and Daniel Ruppert, CEO of Sedania Innovator at the MoU signing

KUALA LUMPUR: Alliance Bank Malaysia Bhd has inked a memorandum of understanding (MoU) with Sedania Innovator Bhd's sustainable energy arm Sedania Technologies Sdn Bhd to launch a fully funded programme to help small and medium enterprises (SME) become energy sustainable organisations.

In a statement, the bank said Sedania would bear the cost of initial outlays and provide advice to eligible Alliance Bank and Alliance Islamic Bank SME customers on office or building upgrades, which includes energy efficient smart air-conditioning, smart controllers and lighting solutions.