The three loans were approved for HSBC customers purchasing houses in The Sustainable City community in Dubai. HSBC UAE’s green home loans offer an interest rate discount of 0.25 per cent for properties that meet certain sustainable criteria, and a 50 per cent discount on applicable arrangement fees. “Sustainable development is more important now than it’s ever been and it’s vital that banks support customers with competitively priced green finance, and to encourage more sustainable behaviours. Issuing the UAE’s first-ever green mortgages is a significant moment for the country’s housing and financial markets, and demonstrates the appeal of green retail finance to customers looking to make more sustainable decisions while appreciating the financial upside,” said Daniel Robinson, Head of Wealth & Personal Banking at HSBC UAE.