The Banco Popular Dominicano (BPD) reported that its financing portfolio for hybrid and electric vehicles already exceeds RD $ 927 million since the launch of the Hazte ECO green finance portfolio, in October 2019.
This channeling of resources towards sustainable mobility is part of the bank’s commitment to the United Nations Principles for Responsible Banking, an international alliance of more than 240 banks to promote the Sustainable Development Goals and the 2030 Agenda on Climate Change, in which Banco Popular is the only signatory bank in the insular Caribbean.
Currently, Popular’s ecological vehicle financing portfolio, through the Hazte ECO portfolio, represents 7% of the total vehicles financed. The figure will increase at the close of this version of Autoferia Popular, which ends on Sunday, December 5.
Regarding the most demanded eco vehicles, jeepetas or suburban cars represent 84%, followed by automobiles. Buyers between 30 and 50 years old are more oriented to sustainable mobility, representing 70% of applications, and male, leading men 6 out of 10 loans for eco vehicles.
In this twenty-sixth edition of the Autoferia Popular, the largest catalog of sustainable vehicles on the market is offered, with more than 40 hybrid and electric models available.
Commitment to the health of the planet
“Based on our sustainable vision and responsible banking model, we have a commitment to accompany Dominican society in its transition towards a low-emission economy that promotes the health of the planet, offering it new business opportunities and diversifying financing options with solutions. more advantageous greens ”, expressed Mr. Francisco Ramírez, Executive Vice President of Personal Business and Branches.
In this sense, Banco Popular offers the cheapest fixed rate in the market, from 4.75%, through traditional loans and, in addition, it has financial innovations such as green leasing to acquire these ecological units with tax benefits for the client.
Additionally, the bank stimulates the demand for these vehicles during the Autoferia Popular with promotional vouchers of 1,000 kilometers of free recharging in EverGo chargers for the first 100 electric vehicles sold.
Also, at this auto fair there are other promotions related to vehicle financing such as a discount on insurance, courtesy of Seguros Universal.
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