Allied Bank is a private commercial banking institution in the Philippines. Since its incorporation on April 11, 1977 it has expanded to 283 local branches nationwide and is now in the process of finalizing a merger with the Philippine National Bank. The Philippine banking industry has traditionally been highly regulated and conservative. Prevailing high interest rates and short payback periods serve as the biggest barriers to the implementation of clean energy projects in the country. As a major player in this setting for more than 30 years, Allied Bank’s partnership with PFAN signifies a paradigm shift in that local banks now realize there is potential for profit beyond traditional loans in the clean energy sector.