KUALA LUMPUR: MBSB Bank Bhd has allocated RM1 billion for solar financing, with RM104 million already in the process of disbursement.
In a statement, MBSB Bank said the initiative is part of efforts to support the country’s clean energy transition under the National Energy Transition Roadmap (NETR).
MBSB Bank chief operating officer Jesleigh Johari made the announcement during the MBSB and Malaysian Photovoltaic Industry Association (MPSEA) Networking High Tea event.
"The event brought together more than 300 industry stakeholders from across the solar value chain, including manufacturers, system integrators, consultants, financiers and academics, to strengthen collaboration in advancing Malaysia’s clean energy ambitions,” it said.
Jesleigh Johari said the allocation aims to assist small and medium enterprises and industry players to invest in renewable energy projects and reduce their carbon footprint.
"Beyond financing, transformation happens when industries collaborate and share ideas, and our partnership with MPSEA reflects a shared vision of a resilient, low-carbon Malaysia powered by innovation, purpose and responsible finance,” he said.
MBSB Bank also said that under its Sustainable and Transition Finance Framework, it has mobilised RM4.7 billion in sustainable and transition financing, progressing towards its RM10 billion target by 2026.
"Through a dual-financing model with Malaysian Industrial Development Finance Bhd (MIDF), MBSB Bank offers small and medium enterprises (SMEs) a structured pathway to growth via facilities such as the High Tech and Green Facility, All Economic Sectors, and Low Carbon Transition Facility,” it said. - Bernama
