BBVA has launched a new D-Loan which links a decline in the interest rate if the borrower reaches certain digital milestones; the bank did not get into specifics on the milestones but says there is 32 targets that range from cybersecurity, sales and marketing, customer relationships, supply chains, support functions and governance; “We see the development of these digital loan facilities as a way to tangibly support and encourage other businesses to evolve as we have done,” said Ricardo Laiseca, BBVA’s head of global finance, to the FT; BBVA offered a comparison for the D-Loan product by saying it has some similarities with green bonds. Source.
