More than 50 commercial banks of the country have disbursed only 0.5% of the their total credit as green financing or sustainable banking in 2016, according to a study of the Bangladesh Institute of Bank Management (BIBM). The study report titled “Fund Transfer Pricing of Commercial Banks: Status and Measures for Implementing in Banks of Bangladesh,” was presented in Dhaka on Sunday. The report said only seven banks prepared the sustainable financing report following the Global Reporting Initiatives (GRI) guideline and submitted it to the Bangladesh Bank. It also said 62% of the banks transfer pricing manually while 85% banks perform it with the help of a committee. “Only seven banks follow the GRI guidelines, some 34 banks do not follow and the rest of the banks follow the guidelines partially,” the report said.

Source: Dhaka Tribune August 27, 2017 18:50 UTC