Malayan Banking Berhad (Maybank) became the first Malaysian bank to introduce its own Sustainable Product Framework (SPF). The main goal of the framework is to provide clarity for Maybank’s business teams to develop green, social and sustainable products which will cover corporate lending, debt and equity capital markets, trade financing, retail financing, insurance, asset and wealth management, derivatives and deposits. Maybank chairman Tan Sri Zamzamzairani Mohd Isa said the framework will allow products and solutions to be designed based on the readiness and needs of Maybank’s customer base that includes retail, non-retail and large corporates.

Source: The Edge