For its retail clients who are concerned about the environment, UAB provides exclusive prices and perks.
Ahead of the COP28 summit in Dubai on November 30, United Arab Bank (UAB) has announced Green Sustainable Finance solutions as part of its plan to support the UAE government’s climate change initiatives.
Launched under retail banking, the project aims to assist consumers looking for auto or home loan packages to buy environmentally friendly cars or homes, including hybrid and electric versions. The bank will support its clients who are helping to create a greener future by providing special rates and fee reductions. Furthermore, as a sign of its dedication to environmental care, UAB will plant a tree or mangrove in honor of each green sustainable finance deal.
Chief Executive Officer of UAB Shirish Bhide commented on the new project, saying: “The UAE government has introduced various strategic policies to meet the goal of achieving Net Zero by 2050.” At UAB, we provide our clients with options for green financial products and we wholeheartedly support environmental efforts.
He went on, “As a responsible bank, UAB is addressing environmental, social, and governance (ESG) concerns by integrating sustainability into our products. Our ultimate goal is to incorporate ethical business practices into all of our offerings.
“We recognize that a growing number of our customers in the UAE are conscious about the environment and concerned about climate change,” stated Emre Yalcin, head of retail banking at UAB. It gives us great pleasure to assist our customers in making environmentally conscious decisions with our green sustainable finance products. For loans and mortgages pertaining to environmentally friendly residential properties and automobiles, like electric or hybrid vehicles, UAB will be offering exclusive perks.
“Trees serve as our natural allies in the fight against climate change,” Yalcin said in closing. A fresh tree or mangrove planting will commemorate each green mortgage or auto loan, establishing our dedication to the environment.
The main goal of UAB’s green effort is to raise awareness of climate change by highlighting the advantages of selecting green residential buildings and electric or hybrid automobiles. Borrowers will find it more cheap to invest in environmentally friendly housing and transportation options thanks to UAB’s green sustainable products.
