Green Banking Practices in Bangladesh

“Green Banking practices in Bangladesh”

1

Md. Shafiqul Islam, 2 Prahallad Chandra Das

1

Lecturer, Department of Accounting and Information Systems, Jatiya Kabi Kazi Nazrul Islam University

Trishal, Mymensingh-2220, Bangladesh.

2

Lecturer, Department of Accounting and Information Systems, Jatiya Kabi Kazi Nazrul Islam University

Trishal, Mymensingh.

Abstract: The paper portrays the green baking practices in Bangladesh. Study is mainly based on secondary

data highlighting the mobile banking, online banking, green financing, and guidelines for green banking

practices as well as green banking unit. Green Banking is a new way of conducting the banking business

through considering the hygienic environmental issue as well as corporate social responsibility (CSR).

Nowadays, it is inevitable to practice green banking by bank s because of globalization and to face the

competition. On an average, bank is allocated Tk. 657.67 million for green banking in 2012. Since October

2012, Taka 838.4 million has been allocated to the following green projects. For 2012, banks have allocated

Tk.20, 034.59 million for green finance of which Tk. 3273.69 million has been utilized during January September 2012. The concept of green Banking is relatively new in Bangladesh and yet to get momentum, but in

the developing countries it is passing through a mature stage. The study concludes that green banking practices

in Bangladesh is not satisfactory at all

Keywords: Green banking, Green finance, Environment, Corporate social responsibility (CSR) and Online

Banking etc.

I.

Introduction:

The word „Green Banking‟ is very common concept in the world. Global warming is a great issue in

protection of hygienic society. There is high possibility of playing significant role of Green Banking in the

global warming issue. The green banking concept is evolved in western countries and now is practiced in most

of the countries in the world. I t i ndicates endorsing e...