Thai banks to announce products for green business transition in Q3, central bank says

BANGKOK : Thai banks are expected to announce financial products that will support a transition to green business in the third quarter of this year, a deputy central bank governor said on Thursday.

The central bank, however, has not set loan targets for banks, Ronadol Numnonda said at a business seminar.

Thailand needs more financing to help with the transition as green and sustainably-linked loans accounted for only 1.4 per cent of total outstanding lending, while environmental, social and governance bonds made up 5 per cent of outstanding bonds last year, he added.