Picture courtesy of Varuth Hirunyatheb
CIMB Thai Bank (CIMBT) aims to capitalise on the burgeoning demand for sustainability-linked loans, projected to be worth 200 billion baht (US$6 billion) among major local corporate clients within the next two years, particularly targeting the oil, gas, and energy sectors.
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CIMB Thai Bank (CIMBT) aims to capitalise on the burgeoning demand for sustainability-linked loans, projected to be worth 200 billion baht (US$6 billion) among major local corporate clients within the next two years, particularly targeting the oil, gas, and energy sectors.
Jason Lee, CIMBT’s head of sustainability, projects that around 300 large Thai corporations will seek transition financing over this period, generating substantial demand.
The bank has yet to define a specific target for sustainable finance, as it awaits the parent company, Malaysia’s CIMB Group, to finalise its medium-term business plan for 2025 to 2030. Lee mentioned that from 2021 to 2024, CIMB Group provided 100 billion ringgit (roughly 770 billion baht) (US$23 billion) in sustainable finance.
Between 2022 and 2023, CIMBT extended 30 billion baht (US$905 million) in…