CBD partners with Sharaf DG Energy

CBD partners with Sharaf DG Energy

Dubai: Commercial Bank of Dubai, a leading bank in the UAE, has announced a tie-up with Sharaf DG, a unit of UAE-based conglomerate Sharaf Group.

The partnership will enable customers to adopt clean energy by installing Solar PV Systems for their homes from Sharaf DG Energy via a sustainable and digital financing option from CBD. The Solar PV systems can be financed digitally via a Quick Loan or Credit Card using the CBD Mobile App. The application process is seamless and hassle-free; Emirates ID is the only document required. Customers can enjoy a loan repayment period of up to 48 months at preferential interest rates.

The agreement was signed by Dr. Bernd van Linder, Chief Executive Officer of CBD and Mr. Nilesh Khalkho, Chief Executive Officer of Sharaf DG, at a recently held event at the Bank's Head Office in Dubai.

Dr. Bernd van Linder, Chief Executive Officer, CBD, said: “Sustainability is integral to CBD’s business strategy and we are pleased to partner with Sharaf DG Energy and provide customers with the ability to produce their own clean energy and take positive actions in the drive towards a climate-neutral economy in the UAE. The UAE aims to produce 75 per cent of its