Bank Mus­cat, IFC high­light so­lu­tions for green homes

Muscat Daily - - PRESS RELEASES -

Bank Mus­cat, the flag­ship fi­nan­cial ser­vices provider in the sul­tanate, in as­so­ci­a­tion with In­ter­na­tional Fi­nance Cor­po­ra­tion (IFC), hosted a work­shop on ‘Bank­ing So­lu­tions for Green Homes’. IFC ex­perts con­ducted the two-day work­shop at­tended by con­sul­tants, real es­tate de­vel­op­ers, con­trac­tors and prop­erty val­uers.

Bank Mus­cat, in line with its ‘Let’s Do More’ vi­sion and com­mit­ment to part­ner­ship in sus­tain­able de­vel­op­ment, is fo­cused on en­ergy sav­ing ini­tia­tives as part of its Im­prints CSR pro­gramme.

The green home pro­gramme is aimed at pro­vid­ing fi­nance/credit fa­cil­ity to cus­tomers to en­cour­age them to build or pur­chase homes which are en­vi­ron­men­tally friendly such as us­ing so­lar power, LED lighting and en­ergy-ef­fi­cient build­ing ma­te­ri­als.

Mort­gage fi­nance in­cen­tives will be of­fered for homes built in com­pli­ance with en­ergy ef­fi­cient stan­dards. The move is aimed at pro­mot­ing en­ergy-ef­fi­cient green build­ings in the coun­try, which will con­trib­ute to re­duc­ing en- ergy costs and green­house gas emis­sions.

The work­shop ad­dressed by IFC ex­perts high­lighted cli­mate change as an emerg­ing busi­ness op­por­tu­nity and the ad­van­tages of in­vest­ment in clean en­ergy. The work­shop spot­lighted the Sahim so­lar en­ergy ini­tia­tive by the Au­thor­ity for Elec­tric­ity Reg­u­la­tion and green con­struc­tion chal­lenges in Oman.

Bank Mus­cat launched the Im­prints CSR pro­gramme in 2016 to ad­dress the chang­ing eco­nomic and so­cial sit­u­a­tion. The ini­tia­tive marked a big step in the pub­lic-pri­vate part­ner­ship in mak­ing last­ing con­tri­bu­tions to the so­ci­ety and the na­tion.

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