Economic Reporter :
Through continuous monitoring and taking appropriate actions, Bangladesh Bank (BB) is trying to expand green finance in the country.
“Through different recent circulars, BB has increased the green product line to 52 and cut the interest rate of its own re-financing scheme,” BB’s Sustainable Finance Department General Manager Manoj Kumar Biswas told.
According to the BB’s latest data, the green banking activities of banks and financial institutions (FIs) have witnessed upward trend as the total volume of green finance has increased by 17.86 percent or Taka 2, 423.18 crore at the end of the April-June quarter compared to the previous January -March quarter of the year.
Despite the increase in the total green finance, the direct green finance has declined by 28.94 percent or Taka 351.59 crore in the last quarter compared to the previous one.
Manoj Kumar Biswas said BB has also kept a provision to take permission of green products, out of the eligible 52 products, by submitting necessary documents.
Thus, he said, BB is trying to make flexible all procedures of green investment and hoped that the green banking activities will expand further in future.
For providing BB’s special focus on environment friendly green banking, National Credit and Commerce (NCC) Bank Chairman M Nurun Newaz said green investment is moving fast as banks and FIs have showed interest in financing the eco- friendly industries, businesses and other projects.
Mentioning the green industrialization as one of the priority areas of Prime Minister Sheikh Hasina, he said the growth of green investment through NCC bank is increasing day by day.
Through continuous monitoring and taking appropriate actions, Bangladesh Bank (BB) is trying to expand green finance in the country.
“Through different recent circulars, BB has increased the green product line to 52 and cut the interest rate of its own re-financing scheme,” BB’s Sustainable Finance Department General Manager Manoj Kumar Biswas told.
According to the BB’s latest data, the green banking activities of banks and financial institutions (FIs) have witnessed upward trend as the total volume of green finance has increased by 17.86 percent or Taka 2, 423.18 crore at the end of the April-June quarter compared to the previous January -March quarter of the year.
Despite the increase in the total green finance, the direct green finance has declined by 28.94 percent or Taka 351.59 crore in the last quarter compared to the previous one.
Manoj Kumar Biswas said BB has also kept a provision to take permission of green products, out of the eligible 52 products, by submitting necessary documents.
Thus, he said, BB is trying to make flexible all procedures of green investment and hoped that the green banking activities will expand further in future.
For providing BB’s special focus on environment friendly green banking, National Credit and Commerce (NCC) Bank Chairman M Nurun Newaz said green investment is moving fast as banks and FIs have showed interest in financing the eco- friendly industries, businesses and other projects.
Mentioning the green industrialization as one of the priority areas of Prime Minister Sheikh Hasina, he said the growth of green investment through NCC bank is increasing day by day.
