Malaysia's Maybank to implement $11.9 billion sustainable finance framework this year

FILE PHOTO: Maybank Tower, the headquarters of Maybank, is pictured in Kuala Lumpur, Malaysia, July 19, 2019. REUTERS/Lim Huey Teng

KUALA LUMPUR (Reuters) – Malaysia’s largest lender by assets said on Monday that it aims to implement its 50 billion ringgit ($11.88 billion) sustainable product framework within this year.

Malayan Banking Bhd in a statement said the framework will cover direct lending or investment, and services related to arranging, syndicating, fundraising or underwriting as well as advisory.

($1 = 4.2070 ringgit)

Source: Read Full Article