Bangkok Bank has announced the launch of a significant new financial initiative, offering up to THB10 billion (approximately $283.8 million) in credit through its Bualuang Green Financing for Transition to Environmental Sustainability loan. This new offering is designed to support businesses aiming to align with environmental sustainability goals, particularly in the areas of carbon emission reduction, climate transition, and pollution control.
The loan, available to large corporations, medium-sized enterprises, small businesses, and individual entrepreneurs, offers a competitive interest rate with a repayment term of up to eight years. Siridej Aungudomsin, Senior Executive Vice President of Bangkok Bank, emphasized the importance of businesses investing in projects that contribute to environmental sustainability. “Our goal is to provide the financial backing needed for businesses in Thailand to make meaningful progress towards reducing their environmental impact,” Aungudomsin stated.
Bangkok Bank has highlighted Thailand’s commitment to achieving carbon neutrality by 2050 and reaching net zero greenhouse gas emissions by 2065 as key motivations behind this initiative. The bank also pointed out the impending implementation of the European Union’s Carbon Border Adjustment Mechanism (CBAM) in 2026 as a further incentive for businesses to start adapting their practices now.
In a statement, the bank underscored the urgency for businesses to begin their green transition. “Even though these targets may seem far off, the need for adaptation is immediate, especially with the upcoming CBAM regulations in the EU,” the bank noted.
