DBP partners champion Green Financing United Arab Emirates

  • DBP partners champion Green Financing United Arab Emirates
  • DBP partners champion Green Financing United Arab Emirates
  • DBP partners champion Green Financing United Arab Emirates
  • Which banks are going green in UAE?
  • Closer home, banks in UAE are making rapid strides in their journey to green. The Top 6 banks had collectively committed to Dh190 billion of green loans by end-2022. While Emirates NBD has recently launched the largest green bond issuance from a regional bank, FAB has committed to $75 billion of green financing by 2030.
  • How green is the banking industry in UAE?
  • Overall, green banking products are expected to grow at a healthy rate of 4-25 per cent per annum. Closer home, banks in UAE are making rapid strides in their journey to green. The Top 6 banks had collectively committed to Dh190 billion of green loans by end-2022.
  • How will the cop28 summit affect UAE banks?
  • They have to make this transition while avoiding allegations of ‘greenwashing’ that have hurt the reputation of many global banks. The COP28 summit in Dubai will undoubtedly put more pressure on UAE banks to focus on sustainability.

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