RHB Bank has partnered with Tenaga Nasional Berhad (TNB) to encourage the adoption of renewable energy and energy efficiency solutions among small and medium enterprises (SMEs) as well as individuals. It is the first bank in Malaysia to enter into such a partnership with TNB for this purpose.

The collaboration will see TNB providing technical advice and installation of various green solutions to interested customers, while RHB – as the bank partner – will offer the green financing facilities required for clients to adopt the solutions that they prefer. For SMEs, specifically, some green financing schemes from RHB that they can look into include:

• SME Green Renewable Energy Financing
• SME Green Construction Financing
• SME Green Commercial Property Financing
• SME Green Working Capital Financing
• SME Green Capital Expenditure (CAPEX) Financing

Meanwhile, individual customers can check out RHB’s personal financing for solar panels, as well as electric vehicle (EV) financing (with a complimentary one-year ChargEV membership).

In addition to this, RHB and TNB will also organise roadshows in the third quarter of 2023 (3Q23) to reach out to SMEs in major cities, in a bid to increase awareness regarding renewable energy and energy efficiency solutions. This is in line with the government’s ambition to become a low-carbon economy by 2050, as indicated in the recently launched National Energy Transition Roadmap (NETR).

“We are proud to be the first financial institution to collaborate with Tenaga Nasional Berhad in nurturing, supporting, and advancing SMEs in their sustainability journey. This collaboration aligns with our Sustainability Strategy and Roadmap to help SMEs build a sustainable business by adopting greener practices,” said group managing director and group chief executive officer of RHB Banking Group, Mohd Rashid Mohamad, adding that RHB is expanding its team with ESG sector specialists, whose expertise will cover industries like renewable energy, palm oil, healthcare, and property.

President and chief executive officer of TNB, Dato’ Indera Ir. Baharin Din, also echoed similar sentiments, noting that green financing and investment plays a crucial role in TNB’s commitment to advance its green agenda.

“We are delighted to join forces with RHB for maiden green financing facilities to encourage rooftop solar installations among SMEs and residential customers who are looking for long-term savings on their electricity bills, fostering a low-carbon economy,” said Dato’ Indera, who took the opportunity to invite other like-minded financial institutions to join the effort as well.

If you’d like to find out more about RHB’s available green financing facilities, you can head on over to the bank’s dedicated webpage here.

• TAGS:
• Dato’ Indera Ir. Baharin Din
• Energy Efficiency
• Green Financing
• Mohd Rashid Mohamad
• National Energy Transition Roadmap (NETR)
• Renewable Energy
• RHB
• RHB Bank
• SMEs
• Tenaga Nasional Berhad
• TNB