UAE’s banking entities commit over $270bn in sustainable finance

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Tue, 2023-12-05 13:11

RIYADH: The UAE’s green economy is poised to receive significant support as the country’s banking federation and its affiliated national financial institutions have pledged to mobilize over 1 trillion dirhams ($270 billion) for sustainable finance by 2030. 

Major contributors to the commitment include First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, along with Mashreq Bank and Dubai Islamic Bank, according to a recent update from the UAE Banks Federation. 

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