Banking Trio Finances Major Singapore "Green" Development

Tom Burroughes

16 December 2019

Three major banks in Singapore have provided a $S945 million ($697 million) “green loan” to support the purchase of mixed office assets in the Asian city-state.

and [tag|Standard Chartered Bank (Singapore)|]Standard Chartered Bank (Singapore) in Singapore provided independent limited assurance on Ophir-Rochor Commercial’s green loan framework.

In November, DBS said that it had become the first bank in Southeast Asia to adopt “Equator Principles” which guide banks and other financial firms about environmental risks in large projects.