KUALA LUMPUR: Alliance Bank Malaysia Bhd has inked a memorandum of understanding (MoU) with IJM Land Bhd to encourage the ownership of green-certified properties to contribute towards a more sustainable community and environment.
This partnership eases the house buyers’ access to the bank’s Green Mortgage Financing Package for IJM Land’s green-certified properties, which offers a competitive financing package, and a fast turnaround time for the loan application.
Alliance Bank group chief consumer banking officer Gan Pai Li said, as the bank progresses towards becoming an environmental, social, and governance (ESG) focused organisation, it would continue to innovate solutions around its customers to meet their evolving needs.
“This strategic partnership with IJM Land aligns with our ESG aspiration as well as our goal to be a bank for the community, supporting their home-ownership journey.
“We look forward to expanding our reach to the key target market, enabling more businesses and customers to adopt sustainable practices and create more meaningful impact for the community,” she said in a statement today.
Alliance Bank aims to achieve RM10 billion in new sustainable banking business by the financial year 2025 (FY2025) as part of its sustainability goal which includes the reduction of the bank’s own greenhouse gas emissions. It recorded RM6.7 billion in the new sustainable banking business as of FY2023.
The bank also said that the partnership with IJM Land supports its growth opportunities identified under the Acceler8 strategy, which will see the group broadening its focus into the consumer segment on end-property financing.
The bank is transforming its talent and digital propositions alongside refreshing branch and customer services to deliver more value to the community and stakeholders.
Meanwhile, IJM Land chief executive officer Datuk Wong Tuck Wai said the financing package fits perfectly with the property developer’s green, healthy and wholesome value proposition and enables house buyers to use its offerings as the starting point for their sustainable journey into green home ownership.
“Given the high impact the construction industry has on the environment, we have made innovation and ecological sustainability the primary drivers of our growth strategy,” he said in the statement. – BERNAMA
