KUALA LUMPUR, Sept 27 — OCBC Bank (Malaysia) Bhd has rolled out a residential solar panel financing plan for individuals as part of its thrust to make sustainable practices even more accessible to consumers in the country.
Managing director and head of Consumer Financial Services, Anne Leh Geok Meng said the new plan was part of the bank’s drive toward a holistic approach to environmental, social and governance (ESG) practices.
“Green financing for the masses has been on our radar for a while now, with a view to advocating sustainable practices at all levels and for everyone.
“To make good our commitment to the green cause, we are working with our solar panel partners to promote a cleaner and more sustainable environment,” she said in a statement today.
OCBC Bank’s rollout of the solar panel financing plan for residential properties comes at a time when global carbon footprints and greenhouse gas emissions remain uncomfortably high.
It said residential homeowners may apply for its solar panel financing plan or Easy Payment Plan, which paves the way for quicker access to the benefits that accrue from the move.
Solar panels allow users to save up to 85 per cent or even more on their electricity bills upon installation.