KUALA LUMPUR (Feb 11): UOB Malaysia has extended a US$150 million (RM600 million) sustainability-linked loan (SLL) to RHB Banking Group to advance its sustainability commitments and support transition financing.

In its press release, UOB Malaysia said the three-year facility will be used for general corporate and long-term funding needs. This is to strengthen RHB’s long-term funding profile and embed sustainability considerations across its operations.

UOB Malaysia’s country head of wholesale banking Andy Cheah said that the facility reflects its commitment as a regional bank to steer capital towards responsible projects and enable credible transition pathways.

“As Malaysia moves toward a greener economy, we aim to contribute by helping raise sustainability standards across the industry and by supporting the country’s overall green agenda,” he added.

Cheah also shared that UOB Malaysia is committed to advancing the growth of sustainable finance and working alongside like-minded partners who share the same purpose.

RHB chief sustainability officer Angus Salim said the facility aligns with the bank’s PROGRESS27 corporate strategy, which aims to mobilise RM90 billion in sustainable financial services by 2027.

The PROGRESS27 strategy, which was launched in February 2025, is RHB’s three-year strategic roadmap from 2025 to 2027, focused on delivering customer service, driving high profitability and reinforcing its position as a responsible and purposeful financial services group.

The SLL structure links the facility’s terms to RHB’s performance against specified sustainability indicators, embedding accountability within its funding strategy. As at December 2025, RHB’s cumulative sustainable financial services mobilisation exceeded RM59 billion, representing nearly 66% of its 2027 target.

Supported by the rollout of RHB’s Sustainable and Transition Finance Framework, the loan reinforces the bank’s commitment to supporting clients along their transition pathways and strengthening the role of sustainable finance.

“This collaboration comes at a time when Malaysian banks are taking more decisive steps to align capital with the country’s transition goals, supported by stronger accountability and clearer sustainability standards,” said Angus.