Industrial Bank Jinan Branch landing system of the first aluminum industry transformation financial loan
February 14, 2025
Recently, Jinan Branch of Industrial Bank issued 200 million yuan transformation financial loan for an aluminum company in Binzhou City, marking the successful landing of the first aluminum industry transformation financial loan in Industrial Bank system and Shandong Province.
Transformational finance refers to the financial services provided by economic activities and business entities that promote the transformation of high-carbon industries to green and low-carbon or near-zero emission transformation with financial power based on clear and dynamic technology path standards in response to climate change. The loan is in line with the relevant standards of the "Industrial Bank's Transformation Financial Support Catalogue" and the "Binzhou Aluminum Industry Transformation Financial Work Guide (2024 version trial)", and the interest rate preference is linked to the energy consumption performance of major products such as aluminum oxide and electrolytic aluminum. The successful landing of the business has eased the financial pressure and reduced financing costs in the process of green and low-carbon transformation of enterprises, and encouraged enterprises to achieve carbon reduction goals. The innovative model of this business provides a replicable and scalable financial solution for the green and low-carbon transformation of the aluminum industry.
In recent years, Industrial Bank Jinan Branch has thoroughly implemented the national "double carbon" strategy, focused on the key tasks and contents of the construction of a beautiful China, and gradually established the business development direction with carbon reduction and pollution reduction as the key areas under the development plan of the head office, comprehensively upgraded the green financial products and services system, and achieved steady growth in the scale of green finance business. By the end of 2024, the scale of green financing of Jinan Branch of Industrial Bank was close to 100 billion yuan, an increase of 13% compared with the end of last year; The balance of green loans (PBC caliber) was close to 50 billion yuan, an increase of 19% from the end of last year. At the same time, Industrial Bank Jinan Branch actively expands green customer project opportunities in new areas, accelerates the landing of innovative products and innovative businesses, and burnishes the "green Bank" business card. It has successively landed the bank's first steel industry atmospheric governance BOO project loan, the bank's first organic waste resource utilization project loan, the bank's first building materials industry green transformation project loan, the bank's first heating franchise future income right private equity securitization business.
In the next step, Industrial Bank Jinan Branch will continue to implement the concept of green development, give full play to the professional advantages of "green bank" of the head office, combine "financing + wisdom", continuously increase product innovation and service innovation, and contribute more financial strength to the economic and social development of the province.
