Almost all banks established green banking units in time, though there is a lack of seriousness in implementing green banking guidelines set by Bangladesh Bank. In the present situation, climate change, sustainability, environment, etc., have become major global concerns. There is no other planet in the universe for human beings and other animal habitats with ecological harmony. This study aims to examine the green financing (GF) and sustainable financing (SF) status and role of central bank in Bangladesh. This study gathered mainly secondary data from Bangladesh Bank (BB) website in 2023 and 2024 and used MS-excel software for tabulating, analyzing and comparing results. This study finds 22 banks achieved GF target where UCB PLC stood in the top position at 36.21%, next to Jamuna Bank PLC at 29.85%, IBB PLC at 22.42%, and Bank Asia stood at the end at 5.47%. On the other hand, 17 commercial banks fulfill the SF target of the total term loan disbursement set by Bangladesh Bank. It is observed that in Q4, 2023, 17 banks out of 61 had exposure to green finance, where 16 banks were PCBs. Only Bangladesh Krishi Bank occupied the top position, accounting for 56.48% of sustainable finance next to NRB Bank PLC 42.86%, BRAC Bank PLC 41.32%, etc., and Jamuna Bank PLC stood last position at 21.57%. The study also found the total target achieved by banks was 9.09% in GF and 27.24% in SF, which exceeded the target set by the Bangladesh bank and it is a milestone to achieve SDGs set by the united nations (UN) by 2030.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 12, Issue 6) |
| DOI | 10.11648/j.ijefm.20241206.20 |
| Page(s) | 466-483 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Status, Bangladesh Bank, Green Financing, Sustainable Financing, Refinancing, Environment
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APA Style
Alam, M. A. (2024). Status of Green Financing and Sustainable Financing: Bangladesh Context. International Journal of Economics, Finance and Management Sciences, 12(6), 466-483. https://doi.org/10.11648/j.ijefm.20241206.20
ACS Style
Alam, M. A. Status of Green Financing and Sustainable Financing: Bangladesh Context. Int. J. Econ. Finance Manag. Sci. 2024, 12(6), 466-483. doi: 10.11648/j.ijefm.20241206.20
AMA Style
Alam MA. Status of Green Financing and Sustainable Financing: Bangladesh Context. Int J Econ Finance Manag Sci. 2024;12(6):466-483. doi: 10.11648/j.ijefm.20241206.20
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Download@article{10.11648/j.ijefm.20241206.20,
author = {Md. Ashraful Alam},
title = {Status of Green Financing and Sustainable Financing: Bangladesh Context
},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {12},
number = {6},
pages = {466-483},
doi = {10.11648/j.ijefm.20241206.20},
url = {https://doi.org/10.11648/j.ijefm.20241206.20},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20241206.20},
abstract = {Almost all banks established green banking units in time, though there is a lack of seriousness in implementing green banking guidelines set by Bangladesh Bank. In the present situation, climate change, sustainability, environment, etc., have become major global concerns. There is no other planet in the universe for human beings and other animal habitats with ecological harmony. This study aims to examine the green financing (GF) and sustainable financing (SF) status and role of central bank in Bangladesh. This study gathered mainly secondary data from Bangladesh Bank (BB) website in 2023 and 2024 and used MS-excel software for tabulating, analyzing and comparing results. This study finds 22 banks achieved GF target where UCB PLC stood in the top position at 36.21%, next to Jamuna Bank PLC at 29.85%, IBB PLC at 22.42%, and Bank Asia stood at the end at 5.47%. On the other hand, 17 commercial banks fulfill the SF target of the total term loan disbursement set by Bangladesh Bank. It is observed that in Q4, 2023, 17 banks out of 61 had exposure to green finance, where 16 banks were PCBs. Only Bangladesh Krishi Bank occupied the top position, accounting for 56.48% of sustainable finance next to NRB Bank PLC 42.86%, BRAC Bank PLC 41.32%, etc., and Jamuna Bank PLC stood last position at 21.57%. The study also found the total target achieved by banks was 9.09% in GF and 27.24% in SF, which exceeded the target set by the Bangladesh bank and it is a milestone to achieve SDGs set by the united nations (UN) by 2030.
},
year = {2024}
}
TY - JOUR T1 - Status of Green Financing and Sustainable Financing: Bangladesh Context AU - Md. Ashraful Alam Y1 - 2024/12/09 PY - 2024 N1 - https://doi.org/10.11648/j.ijefm.20241206.20 DO - 10.11648/j.ijefm.20241206.20 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 466 EP - 483 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20241206.20 AB - Almost all banks established green banking units in time, though there is a lack of seriousness in implementing green banking guidelines set by Bangladesh Bank. In the present situation, climate change, sustainability, environment, etc., have become major global concerns. There is no other planet in the universe for human beings and other animal habitats with ecological harmony. This study aims to examine the green financing (GF) and sustainable financing (SF) status and role of central bank in Bangladesh. This study gathered mainly secondary data from Bangladesh Bank (BB) website in 2023 and 2024 and used MS-excel software for tabulating, analyzing and comparing results. This study finds 22 banks achieved GF target where UCB PLC stood in the top position at 36.21%, next to Jamuna Bank PLC at 29.85%, IBB PLC at 22.42%, and Bank Asia stood at the end at 5.47%. On the other hand, 17 commercial banks fulfill the SF target of the total term loan disbursement set by Bangladesh Bank. It is observed that in Q4, 2023, 17 banks out of 61 had exposure to green finance, where 16 banks were PCBs. Only Bangladesh Krishi Bank occupied the top position, accounting for 56.48% of sustainable finance next to NRB Bank PLC 42.86%, BRAC Bank PLC 41.32%, etc., and Jamuna Bank PLC stood last position at 21.57%. The study also found the total target achieved by banks was 9.09% in GF and 27.24% in SF, which exceeded the target set by the Bangladesh bank and it is a milestone to achieve SDGs set by the united nations (UN) by 2030. VL - 12 IS - 6 ER -
Department of Management, Directorate of Secondary and Higher Education, Dhaka, Bangladesh
