People’s Bank unleashes visionary solar power loan scheme to benefit environment

Wednesday, 15 June 2016 00:00 - - {{hitsCtrl.values.hits}}

People’s Bank has launched a solar power loan scheme to promote the use of solar energy as part of its drive towards being a carbon conscious bank. Launched on World Environment Day which falls on 5 June, People’s Bank now offers the solar power loan scheme to customers who would like to play a proactive role in conserving the environment by installing solar power facilities in their homes and offices.

As a socially responsible financial institution, People’s Bank has embarked on a powerful sustainability journey to measure, manage and mitigate its carbon footprint by launching a formal Environmental Sustainability Policy, called ‘People’s Green Pulse’, which will guide the institution to achieve its aspirations for a greener future through focused environmental management initiatives. The solar power loan scheme is one such initiative that leverages on the bank’s sustainability commitment.

People’s Bank Head of Marketing and Research Deepal Abeysekara said, “A growing population and greater pressure for energy generation necessitates the urgency towards finding sustainable solutions for the future. The megapolis of the future will feature smart urban settlements and seek to discover solutions to resolve issues related to urbanisation of which energy is a major component. Human activity is the dominant cause of climate change. We are now experiencing natural disasters more than ever before; hence the sustainable utilisation of natural resources and mitigating our carbon footprint are key areas we need to tackle as a country.”

People’s Bank Deputy General Manager Retail Banking Lionel Galagedara commented on the loan scheme saying, “The sustainability drive by People’s Bank, ‘People’s Green Pulse’ has been a high impact method of engaging customers who are increasingly looking to partner with ethical companies with a green conscience. Now, People’s Bank wishes to introduce a new loan scheme as a part of this drive to power homes with solar energy whilst also extending this scheme toward the purchase electric cars as well. Considering the economic benefits in the long run and the growing need in society in this regard, it is our duty to provide Sri Lankan’s the means to fulfil their duty towards the world we live in.”

People’s Bank customers can avail of concessionary interest rates and loan amounts of up to Rs. 2.5 million for a maximum repayment period of five years. Many modern homes and offices are being equipped solar energy, which reflects their commitment to preserving the planet for future generations.