KUALA LUMPUR: Public Bank Bhd and Sunway Integrated Properties Sdn Bhd (Sunway Property) have signed a Memorandum of Understanding (MoU) to collaborate on property financing for green and sustainable development projects.
Public Bank managing director (MD) and chief executive officer Tan Sri Dr Tay Ah Lek said the MoU allowed customers who bought green-certified properties for both residential and non-residential properties developed by Sunway Property to enjoy Public Bank's special sustainable financing package.
"Through this special package, customers will get to enjoy preferential pricing, fast lane approval and a financing option for customers who wish to purchase eco-friendly and energy efficient appliances, fixtures and fittings to further enhance the sustainability elements of their properties," said Tay.
The MoU was signed with Sunway Property MD Sarena Cheah today.
Tay said the MoU was aligned with the bank's sustainability mission to pursue climate action and contribute towards global climate solutions.
"In line with Public Bank's commitment to be carbon neutral by the year 2030 and net-zero by 2050, the bank will be mobilising RM40 billion in environmental, social and governance-friendly financing by 2025, including making green building financing more accessible to customers," he said.
As the leading property financier in the country with a strong market share of 20.5 per cent and 33.8 per cent respectively in residential and non-residential properties financing as of June, Tay said the bank was well positioned to encourage green property ownership in the country.
Meanwhile, Cheah said the psrtnership marked a milestone in both companies' journey together towards a carbon-neutral Malaysia.
"We are confident that with this collaboration, we can synergise our strengths and deliver value to the larger community as well as drive the 2030 agenda forward," she added.