CIMB Commits Rm100mil in Financing to Drive the Adoption of Sustainable Practices

CIMB Group has committed RM100 million in financing through the Low Carbon Transition Facility (LCTF) to encourage and empower businesses to adopt low carbon and sustainable practices for business resilience. Businesses, including small and medium enterprises (SMEs), will benefit from collateral-free financing of up to RM10 million with an affordable repayment period of up to 10 years at a low interest rate of up to 5%t per annum. The LCTF, which is offered through CIMB Bank and CIMB Islamic Bank, reinforces the group’s ambition of mobilising RM30 billion in sustainable finance by 2024 as part of its Forward23+ strategic plan.