Green Banking

Commercial marges 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 cardable to affable and surroundingsal causes. Bangladesh camber (BB) provide provide points to compliant banks on management component opus deciding on its CAMELS (capital, asset, management, earning, liquidness and sensitivity) rating. The central bank will name top decennium banks for their overall performances in green banking, and will take into account green banking of a fiscal institution to give it license to open new branches. The banks will have to inform the BB of their initiatives on a quarterly basis within 15 geezerhood afterwards the end of a quarter. The first quarterly shroud has to be submitted by July 15. Besides avoiding negative impacts on environment through banking activities, the banks argon expected to introduce environment hail-fellow-well-met green products to address 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 stinting 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 dense stakeholders, the central bank said, adding that the state of environment in Bangladesh is forthwith deteriorating. It said the environmentally answerable ban ks do not exactly improve their own standa! rds but also affect socially responsible behaviour of other businesses. The commercial banks will forthwith need taking measures to protect environmental pollution date financing a new project or providing working(a) capital.If you want to get a full essay, order it on our website: BestEssayCheap.com

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