QNB ALAHLI launches the first green retail program in the Egyptian market in support of sustainability and financial inclusion

Fathy Al-Sayeh and Iman Al-Wasly

Based on the Central Bank of Egypt’s strategy to enhance sustainability sustainable financing and support for green economy trends in line with the achievement of sustainable development goals and the state’s plan towards a healthy, clean climate free of carbon emissions. Reconstruction and development, with the support of the European Union and the Green Climate Fund
2030 The new program allows its clients to benefit from 10 % cashback on retail banking facilities such as cash loans when purchasing energy-saving and environmentally friendly products that are completely based on sustainability, and QNB ALAHLI is the first bank in Egypt The EBRD provides financing to individuals in addition to existing agreements that develop green projects, energy efficiency, water efficiency, renewable energy and resource efficiency. This will promote the use of high-performance technologies and services in climate change mitigation and adaptation activities, and will assist in the transition to a green economy in Egypt. The program is the first of its kind to include both a retail sector and a residential sector.
For his part, Mr. Mohamed Badir, CEO of QNB ALAHLI, affirmed the bank’s keenness to support the efforts of transformation towards a green economy by offering many innovative and distinguished services and financing programs. Al-Jadida, pointing out that the bank plays a major role in supporting the owners of companies and small and medium enterprises that take into account the environmental and social aspects and the principles of sustainability in all its elements and gives them priority in financing solutions.

And Muhammad Badir added: QNB ALAHLI is one of the first banks to launch the contactless electronic payment bracelet in order to meet the needs of young people, which reinforced the bank’s success and crowning the award for the best bank for financial inclusion from major international institutions. In the field of retail banking services for the past year 338.
2030 QNB ALAHLI takes all measures, methods and means that are compatible with the requirements stipulated in the principles of responsible banking, contributes to stimulating sustainable financing to achieve the goals of the Paris Climate Agreement and the goals of the United Nations for sustainable development and implement and activate the plans and directions of the Central Bank of Egypt And the vision of Egypt 2030.