BOJ says 43 lenders qualified to tap its climate loan scheme (updated)

Resona Holdings

26/11/2021 08:41

(Adds date of auction, background on BOJ's green scheme)
    TOKYO, Nov 26 (Reuters) - The Bank of Japan (BOJ) said on
Friday 43 financial institutions qualified to receive loans
under a new scheme aimed at promoting activities to combat
climate change.
    Japan's three megabanks were among those that qualified for
the programme, the BOJ said in a statement.
    The BOJ said it would conduct the first auction for the
loans on Dec. 23.
    In July, the BOJ laid out an outline of the climate scheme
under which it will offer zero-interest loans that can be rolled
over until 2030 to banks that boost green and sustainable loans.
 urn:newsml:reuters.com:*:nL1N2OS03G
    Financial institutions are required to disclose targets and
actual results on green investment and loans, as well as what
steps they are taking to meet disclosure rules.  urn:newsml:reuters.com:*:nL4N2QO111
    The BOJ's green plans come as other major central banks seek
to use their institutional heft to tackle climate change.

 (Reporting by Leika Kihara
Editing by Chang-Ran Kim and Mark Potter)
 ((leika.kihara@thomsonreuters.com; +813-6441-1828; Reuters
Messaging: leika.kihara.reuters.com@reuters.net))