• Legacy
  • Academy
  • Business
  • PayTech
  • Ignite
  • Cellcos
  • Wired
  • CovidTech
  • Library
  • Touch Base
Subscribe
CW Pakistan

Computerworld Pakistan

CW Pakistan
  • Legacy
  • Academy
  • Business
  • PayTech
  • Ignite
  • Cellcos
  • Wired
  • CovidTech
  • Library
  • Touch Base
  • Business

State Bank of Pakistan Introduces Green Banking Guidelines For Commercial Banks & DFIs

  • October 19, 2017
  • Content Desk
Total
0
Shares
0
0
0

Commercial Banks & Development Finance Institutions To Go Green: SBP 

Under the green banking initiative, commercial banks and DFIs are being encouraged by the State Bank of Pakistan to set up green branches and offices. The idea is to have more than 50% of energy needs to be met by renewable energy sources. This would be done through the installation of photovoltaic solar panels. This includes the use energy efficient lights and equipment along with utilization of technologies for efficient use of water and other resources.

SBP has given specific green banking guidelines (GBG) to the banks and DFIs with a year to implement those. From the looks of it, the guidelines cover all major aspects of banking. Basically, all banks and DFIs are expected to set their own house in order first. The GBGs also require all banks and DFIs to make their infrastructure and operations environment-friendly.

Read: Chairman PTA Announces 5G Trial Licensing in Pakistan

Summing up, a senior NBP official spoke to a newspaper and said:

“The central bank wants banks and DFIs to tap all opportunities of financing environment-friendly activities of agriculture and SMEs, and corporate and services sectors.”

The implementation of the GBG is mandatory for banks and DFIs. However, the State Bank also encourages microfinance banks to also act up on these. Development of green banking portfolios and their continued monitoring, can give banks and DFIs a unique chance to assess their existing borrowers on additional standards. Following up, they may design new financing products and new advisory services.

Read: JS Bank, Abacus Consulting Collaborate to Enhance Digital Platform

The response for the GBGs provided by SBP have been positive so far. Bankers say GBG is introduced when flow of credit towards the private sector credit demand is high. This will help in the implementation, without running of the risk of a squeeze in credit distribution as a result. Some bankers are concerned that the evaluation of credit proposals of, and credit disbursement to, public sector projects and enterprises might prove difficult because many get environmental certification from federal and provincial agencies without fulfilling all the requirements.

 

 

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • commercial banks
  • DFIs
  • GBG
  • Green Banking guidelines
  • microfinance
  • National Bank of Pakistan
  • State bank of Pakistan
Content Desk

Previous Article
  • Computerworld

Mobilizing Blue Collar Workforce: JazzCash Collaborates with Fori Mazdoori

  • October 19, 2017
  • Content Desk
View Post
Next Article
  • CIO

Nokia Enters Strategic Collaboration with Amazon Web Services

  • October 20, 2017
  • Content Desk
View Post
You May Also Like
View Post
  • Business
  • Wired

Flat-lining ICT exports

  • Sub Editor
  • January 26, 2023
View Post
  • Business
  • Wired

All You Need to Know About Pakistan’s Influencer Industry – Walee Pak Influencer Industry Insights Report 2021-22

  • Sub Editor
  • January 24, 2023
View Post
  • Business
  • Wired

The fastest growing jobs in Pakistan right now

  • Sub Editor
  • January 20, 2023
View Post
  • Business
  • Wired

SBP makes it easier for IT exporters to increase their income

  • Sub Editor
  • January 15, 2023
View Post
  • Business
  • Cellcos

Annual Report on Cybersecurity 2022 by PTA

  • Sub Editor
  • January 11, 2023
View Post
  • Business
  • PayTech

Businessmen in Islamabad want investors to turn profits into cryptocurrency assets.

  • Sub Editor
  • January 6, 2023
View Post
  • Business

Researchers developed a risky quantum decryption technique.

  • Sub Editor
  • December 23, 2022
View Post
  • Business
  • Wired

Zong 4G, Hands Pakistan Partner with Parks & Horticulture Authority to Develop Urban Forest in Multan

  • Sub Editor
  • December 13, 2022
View Post
  • Business

Jazz Signs Agreement: Garaj For Cloud Services

  • Sub Editor
  • December 3, 2022
View Post
  • Business

A Look At Karachi Qualifying Round Of Digital Pakistan Cyber Security Hackathon 2022 By Ignite

  • Sub Editor
  • December 2, 2022
View Post
  • Business

Sen. Senate: Google Will Soon Start Doing Business in Pakistan.

  • Sub Editor
  • November 24, 2022
View Post
  • Business

PTA Grants IoT Licences To Two Fresh Businesses

  • Sub Editor
  • November 10, 2022
View Post
  • Business
  • Wired

Pakistan at 75: LSE Summit in 2022

  • Sub Editor
  • October 28, 2022
View Post
  • Business

SECP Fixes Massive Data Leak Of Registered Company Information

  • webdesk
  • September 13, 2022
View Post
  • Business

Massive Data Breach The EDF Website of the Commerce Ministry

  • webdesk
  • September 1, 2022
View Post
  • Business

PTA Offers Two Local Businesses LDI Licenses

  • webdesk
  • August 2, 2022
View Post
  • Business

Permitting WeChat Service: SECP Says Go!

  • webdesk
  • August 2, 2022
View Post
  • Business

SBP Management Attends OICCI Interactive Meeting With Members To Allay Concerns

  • webdesk
  • August 2, 2022
View Post
  • Business

SECP To Introduce Companies for Digital Asset Management

  • webdesk
  • August 1, 2022
View Post
  • Business

STZA Signs Letter Of Intent with China’s SEDA To Further Technical Collaboration

  • webdesk
  • August 1, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about
About
Launched in 1967 internationally, Computerworld Magazine is the oldest tech magazine/media property brand in the world. Today Computerworld (abbreviated as CW) is an ongoing decades old professional publication which in 2014 "went digital”. In Pakistan Computerworld was launched in 1995. Initially providing news to IT executives only, once CIO Pakistan from the same family launched, and took over the domain, CW Pakistan has slowly emerged as a holistic technology news platform reporting everything tech in the country. It remains the oldest running continuous IT media publishing platform in the country and approaching 3 decades of existence, it has been the industry’s biggest benchmark and hopes to continue for years to come.
Read more
Explore Computerworld Sites Globally
  • ComputerWorld.es
  • computerworld.com.pt
  • Computerworld.com
  • cw.no
  • computerworldmexico.com.mx
  • computerwoche.de
  • computersweden.idg.se
  • computerworld.hu
  • cwi.it
  • project.nikkeibp.co.jp
Content from other IDG brands
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • GameStar
  • Network world
CW Pakistan
  • CWPK
  • CXO
  • WALLET
  • Demo
CW Media & all its sub brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. Site is designed by Crunch Collective ©️ 2022

Input your search keywords and press Enter.