First Abu Dhabi Bank: 'We are ready to increase lending to SMEs to support them in energy transition'

The financial sector can support small and medium-sized businesses in achieving climate goals, First Abu Dhabi Bank Executive Vice President Shargiil Bashir said at the Climate Resilient Small and Medium Business event within COP29 in Baku, Report informs.

"This year we allocated $1 billion in loans to SMEs, however, we can do much more. We became a partner of COP28, and we strive to raise SMEs' awareness about climate activities, help them create their business opportunities for sustainable development and support them in the energy transition process," he said.