Green Banking

Commercial pious platitudes for lay out have to accept a all-embracing green banking policy by December 2013 as part of the primeval banks efforts to create banking practices more themeable to amicable and milieual causes. Bangladesh camber (BB) provide provide points to compliant banks on management component opus deciding on its CAMELS (capital, asset, management, earning, runniness and sensitivity) rating. The central bank will name top ten banks for their overall performances in green banking, and will take into account green banking of a financial institution to give it indorsement to open new branches. The banks will have to inform the BB of their initiatives on a quarterly basis within 15 age afterwards the end of a quarter. The first quarterly report has to be submitted by July 15. Besides avoiding negative impacts on environment through banking activities, the banks argon expected to introduce environment prosperous green products to addres s the encumbrance ecological challenges of the country.

The central bank said the banks hold an scoopful position in an frugal system that can affect production, pedigree and other sparing activities through their financing activities and thus may conduce to polluting environment. In line with global development and response to the environmental degradation, the countrys financial sector should play important roles as one of the deep stakeholders, the central bank said, adding that the state of environment in Bangladesh is speedily deteriorating. It said the environmentally answerable banks do not obviously improve their own standards but also affect! socially responsible behaviour of other businesses. The commercial banks will nowadays need taking measures to protect environmental pollution bandage financing a new project or providing working(a) capital.If you want to get a full essay, order it on our website: OrderCustomPaper.com

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