Shinhan Kazakhstan to Promote Green Financing with European Bank for Reconstruction and Development

Jo Yong-eun, Head of Shinhan Bank Kazakhstan Branch (fourth from the left), Hurkitai, Central Asia Marketing Director of the European Bank for Reconstruction and Development, and officials are taking a commemorative photo.

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 14th that its local subsidiary in Kazakhstan, Shinhan Kazakhstan Bank, is promoting green financing in collaboration with the European Bank for Reconstruction and Development (EBRD) to implement global ESG (Environmental, Social, and Governance) initiatives.

Through this green financing procurement, Shinhan Kazakhstan Bank secured resources amounting to 5 million USD and plans to expand support for eco-friendly companies.

Shinhan Bank pursued this green financing to expand Shinhan Financial Group's carbon neutrality strategy (Zero Carbon Drive) not only domestically but also in overseas countries where it operates.

In particular, this procurement is significant as a case of cooperation between Shinhan Kazakhstan Bank and local financial institutions for the implementation of global ESG.

A Shinhan Bank official stated, "Following the Kazakh government's green economy transition plan, the demand for local ESG-related funds is expected to increase, and we plan to further strengthen support for ESG-related companies. We intend to discover new business opportunities such as eco-friendly finance to enhance competitiveness for future growth."

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