Pepper Savings Bank Surpasses 100 Billion KRW in New 'Green Financing' Transactions

[Asia Economy Reporter Song Seung-seop] Pepper Savings Bank announced on the 1st that the amount of new loans issued through 'Pepper Green Financing' surpassed 100 billion KRW at the end of last month.

Pepper Green Financing is a green finance program created to promote low-carbon economic growth and encourage the use of renewable energy. Its features include preferential interest rates for green buildings, collateral loans for eco-friendly vehicles, and corporate financial services for business customers with eco-friendly business models.

Since January last year, Pepper Savings Bank has been offering up to a 1 percentage point interest rate discount to individual business owners or customers who apply for loans using green-certified buildings as collateral. The amount of new loans issued through the green building preferential interest rate program has exceeded 16 billion KRW.

Loans executed through the 'GREEN-E Auto Loan,' a low-emission vehicle collateral loan product launched in September, and the eco-friendly vehicle interest rate preferential program have reached 25 billion KRW. Loans executed for corporate customers whose main business models are eco-friendly vehicles, green energy, or low-carbon economy have surpassed 60 billion KRW.

Matthew Jang, CEO of Pepper Savings Bank, emphasized, "We will continue to strive for low-carbon economic growth and customer satisfaction through differentiated products and services."

This content was produced with the assistance of AI translation services.