RHB Bank wins Sustainable Transportation Infrastructure Award for green vehicle financing
RHB Bank has won the Sustainable Transportation Infrastructure Award from ESGBusiness Awards 2024 in recognition of its contributions to green mobility and sustainability through its sustainable vehicle financing products.
Strategic initiatives taken on by RHB Bank include several high-profile events, including the paultan.org Electric Vehicle Expo (EVx) 2024 where it has offered green financing solutions for electric and hybrid vehicles, integrating them into mainstream automotive promotions and therefore extending its reach.
Campaigns by RHB include the member-get-member programme, preferential pricing for electric and plug-in hybrid vehicles, and the instant principal reduction campaign, and the bank has achieved a 143% success rate against its year-to-date target, which the bank says is a clear indicator of growing demand for eco-friendly vehicle options.
“As the market evolves and sustainability becomes a key priority, RHB is dedicated to providing innovative green financing solutions. Our mission is to support the transition to eco-friendly vehicles, driving us all towards a cleaner and more sustainable future,” said RHB Banking Group community banking managing director Jeffrey Ng Eow Oo.
Green financing will continue to receive further development by RHB, as the bank is exploring new strategies and is further developing collaborations to further promote the wider adoption of sustainable vehicles, and its approach underscores its commitment to promoting green transportation and advancing environmental sustainability, it said.
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