DBS Bank Leads in Green Loans in Asia

Strategic Insights -

DBS Bank has taken the top spot in Bloomberg's Asia (ex Japan) league tables for green loans, with its role as Mandated Lead Arranger (MLA) from January to August this year. During this period, the bank extended USD1.36 billion worth of green loans across eight deals to finance eligible green projects. These projects aim to address environmental concerns such as climate change, natural resources depletion, and loss of biodiversity.

DBS has been involved in several landmark transactions, including the largest green loan by a real estate company in Asia, M+S' SGD1.95 billion green loan for Marina One. The bank has also structured various forms of sustainable financing solutions, such as sustainability linked loans, to incentivize clients to be more sustainable.

Key Takeaways:

  • DBS Bank ranked first in Bloomberg's Asia (ex Japan) league tables for green loans from January to August this year.
  • The bank extended USD1.36 billion worth of green loans across eight deals, with one third of these loans complying with the stricter guidelines of the Green Loan Principles.
  • DBS has been involved in several landmark transactions, including M+S' SGD1.95 billion green loan for Marina One and Chenya Energy's NTD7.2bn project finance facility for the Changhua 1 & 2 180MW floating solar project.
  • The bank offers sustainability linked loans that give borrowers flexibility to use the loan for environmental, social, and governance (ESG) objectives.
  • DBS advocates scaling up transition finance and supporting clients to adopt incremental but instrumental solutions to broaden and deepen the market.
  • Over the last two-and-a-half years, DBS has done around 100 sustainable financing deals worth SGD12 billion.

Statistics:

  • DBS Bank extended USD1.36 billion worth of green loans across eight deals from January to August this year.
  • SGDbillion green loan by M+S for Marina One is the largest in Asia.
  • NTD7.2bn project finance facility for the Changhua 1 & 2 180MW floating solar project by Chenya Energy is Taiwan's largest.
  • DBS advocates scaling up transition finance to broaden and deepen the sustainable financing market.
  • Over the last two-and-a-half years, DBS has done around 100 sustainable financing deals worth SGD12 billion.

Sources:

  • Bloomberg's Asia (ex Japan) league tables for green loans
  • [1] DBS Bank press release: "DBS Bank Ranks First in Bloomberg's Asia (ex Japan) Green Loans League Tables"
  • [2] Green Loan Principles under the Loan Market Association and the Asia Pacific Loan Market Association
  • [3] DBS Bank press release: "DBS Bank advocates scaling up transition finance to broaden and deepen the sustainable financing market"