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Absa eyes Sh120 billion green lending portfolio
From left: United Nation Global Compact Kenya Chairman Martin Ochieng, Absa Bank Kenya Chairman Charles Muchene, Managing Director Abdi Mohammed, Non Executive Director and Board Member Christine Sabwa and Chief Financial Officer Yusuf Omari during the official launch of the Sustainability Report 2022 at the Arboretum Gardens. PHOTO | POOL
Absa Bank Kenya Plc plans to double its portfolio of credit advanced under climate financing to Sh120 billion by 2025.
So far, the tier-1 lender has stated its green lending book at Sh60 billion which includes Sh1.5 billion ($10 million) for climate smart agriculture, Sh25 billion for climate finance and Sh15.2 billion disbursed through Timiza to support financially excluded groups.
