A Review of the Recent Developments of Green Banking in Bangladesh

Fatema Khairunnessa, Diego A. Vazquez-Brust and Natalia Yakovleva
Additional contact information
Fatema Khairunnessa: Faculty of Business and Law, University of Portsmouth, Richmond Building, Portsmouth PO1 3DE, UK
Diego A. Vazquez-Brust: Faculty of Business and Law, University of Portsmouth, Richmond Building, Portsmouth PO1 3DE, UK
Natalia Yakovleva: Department of International Business Strategy, Newcastle University, London E1 7EZ, UK

Sustainability, 2021, vol. 13, issue 4, 1-21

Abstract: This paper aims to explore the emergence of ‘Green Banking’ in Bangladesh, with a focus on the role of financial regulation and regulators in greening the financial sector. It also examines the contribution and involvement of banks and non-bank financial institutions in promoting green economic transition. The study is based on the review of secondary data collected from various sources, such as quarterly reports, annual reports, websites of the central bank of Bangladesh, and other commercial banks and non-bank financial institutions as well as various articles, and newspapers reports on green banking in Bangladesh. The collected data is reviewed using descriptive statistics. The research results reveal that the central bank of Bangladesh played a major role in greening the financial system of the country by implementing various green policies and regulatory measures. Although Bangladesh is still far behind the developed countries in terms of environmental performance, the country has made a remarkable progress in initiating and expanding green banking practices, infrastructure development, and accelerating green growth in recent years.

Keywords: green banking; green growth; Bangladesh (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/4/1904/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/4/1904/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:4:p:1904-:d:497070

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().