Central Bank Movements Support Green Bank Concept

Dr. Dalia Abdelkader, Director of Sustainability and Media Sector of the International Arab Bank of Africa and Chair of the Sustainable Development Committee of the Union of Egyptian Banks, said that the Egyptian banking sector has taken serious steps to activate sustainable financing with his community and his environment. The path of sustainable development, the integration of financial coverage into the policies and practices of banking institutions in Egypt and the adoption of legislation governing microcredit have had the greatest impact on the support and the application of the green bank concept.

During the first day of the forum, she participated in the activities of the second day of a session titled "Strategies of Central Banks and Banks for the Transformation of Green Banks".

This trend is supported by the presence of the Egyptian Central Bank and strongly in international forums, including the Alliance for Financial Inclusion and the Global Initiative for Financial Inclusion of the World Bank

. ), Which was approved by the Federation's Board of Directors at its meeting on 13/11/2016, at the 5th Annual Sustainability Network Meeting, held in Washington, DC in October 2017, in the presence of representatives of the central banks and banking badociations in 20 emerging countries. Egypt represented a high-level delegation Lobni Hilal, deputy governor and deputy governor of the Central Bank of Egypt, is studying and considering taking serious steps for the accession of the Central Bank of Egypt 39, Egypt to the Organization.

The Sustainability Banking network aims to disseminate the sustainable financing culture, policies and practices of each country's banking sector. In light of growing pressure from international institutions, governments, institutions of civil society and investors, including the Paris Agreement.

Dalia Abdelkader confirmed that Egypt is characterized by the leadership of the founder Who was launched in 2003. He worked on the banking link with the environmental and social elements, which were developed in several areas, including including the inclusion of environmental and social risks in the risk management methodology of corporate finance. And the measure of the carbon footprint.

In this regard, the Arab African International Bank has arranged and marketed some of the largest syndicated loans in the Egyptian banking market, notably as the main salary for the establishment of the 6 solar photovoltaic plants in Egypt.Scatec Solar will produce and sell electricity from renewable sources. 25 years to produce electricity from six 400 MW (400 MW direct current) solar power generation stations with the Egyptian government.

The six plants will be located in the Benban region of Aswan governorate in Upper Egypt. These projects are part of the M Arab African International Bank has launched a sustainable forum to train young bankers on the principles of sustainable finance as an initiative in 2014 as part of a cooperation between the Arab Bank and the Arab Bank of Egypt. (ERCC) to become the first such forum in Egypt and the Middle East.

A sustainable forum provides a comprehensive introduction to the concept of sustainable financing and demonstrates the positive interaction between the financial industry, environmental and societal aspects, and governance.

The experience of the Arab Arab International Bank has supported its active presence in several international forums and forums, including its choice to present its experience in implementing the principles of sustainable finance in the report 2016 G20 Summit in Hangzhou. COP 22 in Morocco and in 2016. In addition to its participation in the creation of the United Nations Global Compact in Egypt