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Housing Bank Launches Green Financing Programs for Corporate Clients in Jordan - Jordan News

Housing Bank Launches Green Financing Programs for Corporate Clients in Jordan - Jordan News

Jordan Newsa day ago
As part of its commitment to sustainability and supporting the business sector, Housing Bank has announced the launch of a set of easy-access green financing programs with multiple benefits for private sector companies of all sizes that are interested in adopting innovative and sustainable solutions in their operations. اضافة اعلان These programs, introduced in partnership with several leading local and international financial institutions, aim to empower companies to implement environmentally friendly projects. They focus on areas such as renewable energy, energy and water efficiency, transitioning to more sustainable resources, and reducing carbon emissions — all in line with local and global environmental goals. The bank's offerings include the Green Projects Financing Program in collaboration with the Arab Fund for Economic and Social Development, providing up to 250,000 Jordanian dinars for all types of green projects and products that have a positive environmental impact and promote resource conservation, based on specific criteria. Another key program is the Renewable Energy and Green Finance Program, developed in cooperation with the Central Bank of Jordan, which offers up to 100% financing for green projects, with a ceiling of 4 million Jordanian dinars. Additionally, through the Green Project Financing Program in partnership with the European Bank for Reconstruction and Development (EBRD) and the Green Economy Financing Facility (GEFF) of the Green Climate Fund, the bank offers financing of up to 2 million U.S. dollars, including 10% to 15% cashback incentives on the financing amount for eligible green initiatives. These programs feature competitive subsidized interest rates, flexible repayment periods of up to 10 years, and free technical support to help guide companies through successful and sustainable project implementation. Moreover, clients receive a certificate of compliance with Environmental, Social, and Governance (ESG) standards, providing them with a competitive edge that enhances investor appeal and long-term success.
This initiative is part of the bank's broader strategy to integrate sustainability into its core operations, reflecting its dedication to expanding its portfolio of financing tools that support sustainable growth. By focusing on green projects—each of which the bank believes is worthy of funding—these programs contribute to the transition toward a low-carbon economy.
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