Smart secures P2-B Metrobank ‘green loan’
Smart Communications Inc. has raised P2-billion recently from its first-ever green loan, which will be used to finance the expansion of a 5G network.
In a statement on Thursday, Smart said the loan was granted by Metropolitan Bank and Trust Company Inc.
Proceeds from the loan are intended to support the continuous upgrade and expansion of Smarts network infrastructure.
These efforts are expected to enhance both energy efficiency and customer experience.
Under the internationally recognized ‘green loan principle,’ the borrower can access lower interest rates and longer repayment terms for projects that have significant and measurable impact to the environment.
Smart seeks the expansion of its 5G network across the country as they accommodate more data traffic at a much faster pace compared to the earlier 4G or LTE technology.
“This green loan is more than a financial milestone—it demonstrates Smart’s participation in shaping a low-carbon digital future,” said Danny Yu, chief financial officer and chief risk management officer at Smart.
“By investing in energy-efficient technologies, we are pursuing business growth and efficiency, while being mindful of our impact to the environment.” Yu said.
Rommel Dionisio, head of Metrobank’s corporate banking group, said that Smart’s green loan facility aligns with their commitment to integrate sustainability principles into our financing practices.
“By supporting energy-efficient 5G upgrades, we are not just funding growth, we are investing in a smarter, greener digital future together,” Dionisio said.
