Featured
BBVA will focus on sustainable goods and lower rates
This announcement joins the actions that BBVA has been developing, supporting initiatives focused on advancing the UN Sustainable Development Goals. In the case of credits for the acquisition of housing in projects certified as sustainable, the entity will offer financing options with a discount of up to 180 basic points (1.8 percentage points) with terms of up to 30 years.
The president of BBVA announced better financing conditions in several products that comply with social and environmental parameters.
Financial products with a positive environmental impact such as UVR and peso mortgage loans for families; housing leasing; financing for builders who develop projects of this type and the acquisition of electric cars and motorcycles will have more advantageous financing conditions with the BBVA bank.
That was explained by the bank’s president, Mario Pardo Bayona, who said that one of the bank’s strategic axes “is sustainability, and as a further step in that direction, we are announcing a portfolio aimed at promoting initiatives for the construction of sustainable housing, aware of the positive impact generated by this type of construction, and in the case of vehicles, we seek to promote environmentally friendly mobility.”
If you want to read more about the BBVA’s commitment to environmental issues and to find the most interesting business news of the day, download for free the Born2Invest mobile app.
BBVA is fully committed to ESG
Bayona announced that “the significant discounts on interest rates” seek to encourage “customers to make a difference in their commitment to the future of the planet.”
The loans for builders will also be aimed at housing projects that are sustainable and meet these indicators in the environment and on site, with energy efficiency and care in the use of water, among others.
In this case, the offer for credits in pesos and UVR will have a discount of up to -100 basic points (one percentage point) in the rate.
In the case of credits for the acquisition of housing in projects certified as sustainable, the entity will offer financing options with a discount of up to 180 basic points (1.8 percentage points) with terms of up to 30 years.
Homebuyers will also have the option of sustainable housing leasing in pesos at a rate of 8.2% with a discount of up to 200 basic points (2 percentage points), terms of up to 30 years and a purchase option between 0% and 30%.
The same will apply to credits for hybrid or electric cars and motorcycles
In the case of automobiles, the interest rate is the lowest in the market, with discounts of up to 600 basic points (6 percentage points) as compared to traditional vehicle financing. As for electric motorcycles, the bank offers the option of financing up to 90% of its value.
This announcement is in addition to the actions that BBVA has been developing, supporting initiatives focused on advancing the UN’s Sustainable Development Goals.
Among the bank’s other sustainable projects is the approval of credits for advance payment to rural suppliers; the issuance of a line of green guarantees for $13.4 billion (290 billion pesos) in favor of China Harbour Engineering for the construction of the first line of the Bogotá Metro. It will also issue a guarantee in favor of MinTIC for the execution of one of the blocks of the radioelectric spectrum by the company Tigo that will allow 1.3 million people to have access to the internet and 1,600 municipalities to 4G cellular telephony; it also made a loan to the Corporación Autónoma Regional de Cundinamarca for the recovery of the Laguna de Fúquene, among others.
__
(Featured image by Pixabay via Pexels)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Portafolio, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Biotech2 weeks ago
Asabys Reaches 180 Million Euros after Closing its New Fund with Sabadell
-
Impact Investing1 week ago
Voilàp Chooses Arvzero Carbon-Neutral Steel
-
Biotech2 weeks ago
Sequentia Biotech Raises €10 Million with EIC Fund and Seventure Partners
-
Markets3 days ago
Rice Prices Hold Steady Amid Lower Asian Rates, Brazil’s Surge, and US Weather Threats