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Research Workshop on How to Incorporate Bio-Diversity Issues in Green Banking in Bangladesh held at BIBM

Press Release
Dhaka, December 06, 2018

A day long research workshop was held at the Bangladesh Institute of Bank Management (BIBM) on December 06, 2018, in its auditorium. BIBM and Bangladesh Poush, a non-profit, organized the event..A paper titled "How to Incorporate Bio-Diversity Issues in Green Banking in Bangladesh " was presented in the workshop by Dr. Mohammad Tazul Islam, Associate Professor of BIBM. 
Other members of the research workshop team are Tahmina Rahman, Assistant Professor of BIBM; Antara Zareen, Assistant Professor of BIBM; Rexona Yesmin, Assistant Professor of BIBM; Tofayel Ahmed, Assistant Professor of BIBM; Asif Iqbal, Deputy Director of Bangladesh Bank; M.Sanower Hossain, President of Bangladesh POUSH.
BIBM Director General Toufic Ahmad Choudhury Chaired the Program. A good number of participant’s senior bank executives, academicians, media representatives, faculty members, officers of BIBM participated in the research workshop. The study identifies the problem areas as well as success factors in Green Banking by Banks in Bangladesh. 

S.M. Moniruzzaman, Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank was present in the research workshop as the chief guest. BIBM Muzaffar Ahmad Chair Professor Barkat-e-Khuda; Helal Ahmed Chowdhury, Anis A. Khan, Managing Director & CEO of Mutual Trust Bank Limited; Humaira Azam, Additional Managing Director of Trust Bank Limited, M.Sanower Hossain, President of Bangladesh POUSH and Dr. Shah. Md. Ahsan Habib, Professor & Director (Training) of BIBM spoke among others at the workshop.
According to the BIBM report, the commercial banks give in the green banking 0.5 per cent of their total loans, whereas they are bound by laws to finance 5 per cent in the sector.The bank financing in the biodiversity sector is less than that (0.5 per cent), it said. Around 8-10 per cent of the banks finance the biodiversity sector and most of the finance go to the solar power sector.
Bangladesh Bank deputy governor SM Moniruzzaman said, the central bank was working on rules for financing green banking and biodiversity sector. Bankers’ awareness of the issue is more important than the regulatory guidelines, he said.

BIBM director general Toufic Ahmad Choudhury said that green banking would get more attention in future. He emphasized reducing bureaucratic complexities for financing green banking products.

BIBM chair professor and former Dhaka University economics department professor Barkat-e-Khuda said financing in the biodiversity sector should get priority. He said that environment could be protected through financing the sector.

BIBM professor and director Shah Md Ahsan Habib said, green banking, which got less attention in the past, was changing dramatically in last few years.
Similarly, the biodiversity sector would see radical changes one day due to bankers’ awareness, he said.

Bangladesh Poush president M Sanowar Hossain said that the biodiversity management would be easier if the banks were involved in the sector.

Former Pubali Bank managing director Helal Ahmed Chowdhury said, there was a lack of awareness of green banking and biodiversity. He also said that governance should be ensured to protect the environment.

Mutual Trust Bank managing director Anis A Khan said that non-government organizations, agent banking and other related organizations should also finance the biodiversity sector. Blue economy has become a new sector for the bank financing and the bankers should focus on the sector, he said.

Written by Manager

Monday 10th December 2018