ESG Deposit TB, a short-term deposit, allows customers not only to evaluate their free funds but also to contribute to fulfilling the ESG goals of Slovak companies operating within the European market. They can thus integrate the investment activity into their sustainability strategy. The bank will use the financial resources obtained through ESG Depozit to provide loans with an element of sustainability, the conditions motivating customers to achieve the set ESG goals. The Bank will be able to monitor how the set goals develop and reward customers for their fulfillment.
Conditions for funded loans will be known to the investor in advance and the bank will inform about the use of the funds in the regular annual allocation report.
“The trend of sustainable business and investment also resonates with our business customers. With the new investment product, we wanted to allow them to evaluate free funds in a way that not only helps the client but also contributes to the fulfillment of ESG goals of other entities,” says Zuzana Koštialová, member of the Tatra banka board responsible for corporate and private banking and Capital Markets.
“We will be happy if ESG Depozit inspires our business customers to invest and at the same time helps the investor to meet his own goals in the field of sustainability,” she adds.
Source: Bank’s Press Release from June 03, 2024
