Contact Financial Holding (CNFN) has launched its latest product “Green Finance” to promote sustainability amid climate changes impacting the planet, according to an emailed press release on December 26th.

Green Finance, which marks a new shift in the financing sector, features monthly and quarterly repayment systems that reflect Contact’s perception of agricultural activity and its cash flow cycle.

The new product focuses on environmental impacts as “an environment-friendly economic activity” and an element for achieving sustainable development.

Installments for multiple assets are offered in Green Finance, including solar panels, irrigation systems, greenhouses, developing and equipping projects of trench plantings and plastic sheets for tunnels and greenhouses, fishery ponds and equipment, poultry farms and equipment, and livestock farms and equipment for a payment plan up to five years with 0% down payment.

Commenting on the launch of Green Finance, Managing Director of Contact Finance Tamer Samir said: “The company is striving to launch products to achieve sustainability, and this direction is not a new thing to Contact, as we have always sought to achieve all that is beneficial to the welfare to our customers, and green financing, in particular, is an important and necessary step towards transforming the company's business towards a greener future.”

For his part, Said Zater, CEO of Contact Financial Holding, stressed that Contact would focus in the future on sustainability and how to achieve it by launching new green products.

Contact Financial Holding is a leading non-bank financial solutions and services provider that manages a group of companies that provides a full range of financing and insurance products and services.

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