Corporate Banking

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Corporate Banking

Green Infrastructure Finance and ESG Products & Services

  • Solar Photovoltaic Energy Generation Equipment Financing for Corporate

Bank SinoPac supports the government's green energy policy. Planning of the "Solar Photovoltaic Energy Generation Equipment Financing Project" began in 2012 and the program was launched in 2013, which a history of 10 years until now. Bank SinoPac made changes along with adjustments to government policy and industry needs. At first, Bank SinoPac provided loans for rooftop power plants. It then expanded to ground and floating solar energy plants, and further on to the fishery and electricity symbiosis model in 2020, creating the first framework for green energy trading financing project. The Company began working with power companies in establishing a Green Energy Trading Platform and developed a proprietary Solar Power Plant Management System, remaining a key partner for industrial development. Bank SinoPac received the “Top Solar System Awardfrom the Bureau of Energy, Ministry of Economic Affairs for 6 consecutive years between 2016 and 2021. Bank SinoPac is the only bank in Taiwan to win this award for 6 consecutive years, and further won theSpecial Award for Renewable Energy Sectorsby the Financial Supervisory Commission for successful development of financial services for the solar photovoltaic energy industry in 2020 and 2021.

  • Solar Energy Plant Financing during the Construction Period

SinoPac Leasing began providing short-term project financing for the construction period of solar energy plants starting in the second half of 2018 and provides companies with bridge loans to lift their funding pressure. Once construction and grid connection are completed, the power plants will switch to mid-term and long-term loans.

  • Biogas Power System Financing

Bank SinoPac supports the government's renewable energy policy goal, and SinoPac Leasing developed the equipment leasing for energy storage system in biogas power system business in 2020 to encourage different ways of power generation. Biogas power not only allows wastewater from animal husbandry and excrements from livestock to be utilized, but also allows kitchen waste, domestic sewage, business wastewater (e.g. food industry and paper industry), discarded vegetable and fruit, and other organic waste to be used for renewable-energy-based electricity generation.

  • ESCO Energy Storage Equipment Financing

SinoPac Leasing became a member of the matching platform of the Taiwan Association of Energy Service Companies (ESCO) in March 2019 and began partnering with companies in ESCO in October 2019.

  • Financing for Eco-Friendly Textile Industries

Bluesign is the most commonly used environmental protection standard with the most complete requirements among environmental protection certifications for the global textiles industry. Bank SinoPac provides loans to domestic textiles companies that intend to apply for Bluesign and assists textiles companies with their green transformation.

  • Insurance for Green Enterprises

Bank SinoPac also actively provides corporate insurance needed by green industries to continue supporting the transformation of solar photovoltaic energy companies. It offers 4 insurance products, including electronic equipment insurance, machinery insurance, and erection all risks insurance for accidents involving power generation equipment, and public liability insurance for accidents that may occur during the operation period of power generation equipment, so that clients can obtain complete coverage when expanding their green financial operations.

Innovative Solar PV Smart Financial Services provided by SinoPac Holdings

GSS Bonds Issued

Bank SinoPac issued Green Bond with a total amount of US$45 million and NT$3 billion in 2017 and 2019 respectively. The funds were used for loans to energy conservation and environmental protection investment plans, taking action to support the renewable energy and eco-friendly industries. Bank SinoPac issued the first Sustainability Bond in Taiwan in 2020 with an amount of NT$1 billion in total. The funds raised are not only used to assist the development of renewable energy and energy technology, but also for social welfare investment plans, in order to create employment opportunities and prevent unemployment caused by social and economic crises. Bank SinoPac provides low interest loans under the government policy to subsidize interest, supporting SMEs that have been impacted by the pandemic since 2020 to obtain working capital and pay employee salaries during difficult times. Bank SinoPac issued the first Social Bond in Taiwan in 2021 with an amount of NT$1 billion in total. The funds raised are used for affordable basic infrastructure, access to essential services, affordable housing, employment generation, and programs designed to prevent and/or alleviate unemployment stemming from socioeconomic crises, and socioeconomic advancement and empowerment.