June 19, 2013 | 06:59 PM (BD Time)
19 June, 2013 Wednesday
ACC a toothless tiger : Chairman ; Obama to call for nuclear cuts in Berlin speech ; 2 fake DB men arrested in Jessore; Hartal in CHT progressing peacefully for 2nd day ; NSA director says plot against Wall Street foiled ; Israeli premier: pressure on Iran must continue ; DCC elections after Eid-ul-Fitr : EC ; Indefinite transport strike (Khulna) enters day 3 ; 18-party to stage demo countrywide on June 22 ; One killed in Jamalpur ‘by brother’ ; Jhenidah road crashes kill 2 ;
Sustainable banking on business entities stressed at GABV Dhaka meet
. Business Report
Finances of sustainable bank lead to 76 per cent increase in sales and 62 per cent in assets in small business, a study commissioned by Global Alliance for Banking on Values (GABV), a network of 20 of the world's leading sustainable banks from Asia, Latin America, North America and Europe, finds out.
The study was presented in a meeting of sustainable bankers that began in Dhaka on Thursday to work out impact of sustainable banking on business entities. The objective of the Core Team Meeting in Dhaka hosted by BRAC Bank is to develop the GABV Impact Metrics common reporting framework. This meeting is part of a series of meetings in different parts of the world to streamline the uniform practices of sustainable banking, a press release said.
The Impact Measurement Study conducted by independent experts of Dhaka University assessed impact of finances on SME borrowers of BRAC Bank in Bangladesh.
Credit program helps business owners to spend more for health, education of the children and housing. Enterprises become more committed to environment and elimination of child labor with influence of bank. It facilitates development of significant local market with growth of supportive backward and foreword businesses growth.
BRAC Bank chairman Muhammad A. (Rumee) Ali welcomed the foreign bankers including GABV senior advisor David Korslund, Martin Rohner, CEO, Alternative Bank of Switzerland, Pierre Aeby, CFO and member of the executive board, Triodos Bank from Netherlands, Linda Morris, SVP- business development, member and community engagement, Vancity Credit Union, Canada, and Salvador Menjivar, ED, One PacificCoastBank, USA.
Syed Mahbubur Rahman, managing director and CEO, BRAC Bank was also present.
BRAC Bank chairman said GABV takes SME financing of BRAC Bank as a model for sustainable economic development. 'It makes us proud that GABV banks intend to replicate the financing model of a Bangladeshi bank to serve the unserved community in many parts of the world', he said.
Financial Times-IFC Sustainable Bank Award bears testimony to sustainable banking profile of BRAC Bank, he added.
Syed Mahbubur Rahman said development of uniform global practices of sustainable banking will encourage more banks to join in the alliance which will help to fight financial crisis globally.
GABV is developing a uniform parameter for measuring impact of finances to sustainability of business entities to encourage more banks to adopt sustainable banking worldwide. BRAC Bank Ltd and BRAC Microfinance Programme are the only members from South East Asia to the global alliance.
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