SEDF helps financial sector on energy financing
Sunday, 30 August 2009
FE Report
A team of 12 high-level officials from Bangladesh Bank, leading private banks and financial institutions visited China recently aiming at readying Bangladesh in sustainable energy financing (SEF) through producing energy efficient financial products.
China has already proved itself as a leader in energy financing and developed a green credit policy providing training to bankers and stakeholders on assessing and preparing energy efficient products.
Chinese financial institutions have developed large portfolios on energy efficiency and renewable energy including solar, wind and biogas by popularising various environment-friendly profitable banking products.
The delegation led by deputy governor of the central bank Nazrul Huda, met with the Industrial Bank of China and Bank of Beijing to understand better how pricing is set to finance energy efficient and renewable energy products and how banks have maintained cost income ratios.
They also visited DQY Agriculture, a poultry farm in rural Beijing for producing and processing eggs which produce bio gas from poultry litters and sell its credit to international market.
South Asian Enterprise Development Facility (SEDF) organised the trip to familiarise the high officials with the best practices in the economically booming country.
Afifa Raihana, coordinator sustainability of SEDF said the visit gave the delegates an opportunity to think about to take the sustainable energy finance initiative forward in Bangladesh.
It was aimed at building the capacity for bankers, prepare a guideline and checklist and portfolio of the banks in financing in non-traditional areas, she added.
Other delegation members were members of the central bank core group on SEF, CEO of the Eastern Bank, managing directors of BRAC Bank, Mutual Trust Bank Ltd and United Leasing Company, President of Association of Bankers Bangladesh, Vice Chairman of Bangladesh Association of Banks and Chairman of Bangladesh Leasing and Finance Companies Association.
Bangladesh started working on SEF in 2008 to enhance the energy efficiency and renewable energy finance portfolio of the financial institutions and encourage them to consider environmental risk lending.
SEDF has partnered with the central bank in developing the environmental risk management guideline for the financial sector of the country.
A team of 12 high-level officials from Bangladesh Bank, leading private banks and financial institutions visited China recently aiming at readying Bangladesh in sustainable energy financing (SEF) through producing energy efficient financial products.
China has already proved itself as a leader in energy financing and developed a green credit policy providing training to bankers and stakeholders on assessing and preparing energy efficient products.
Chinese financial institutions have developed large portfolios on energy efficiency and renewable energy including solar, wind and biogas by popularising various environment-friendly profitable banking products.
The delegation led by deputy governor of the central bank Nazrul Huda, met with the Industrial Bank of China and Bank of Beijing to understand better how pricing is set to finance energy efficient and renewable energy products and how banks have maintained cost income ratios.
They also visited DQY Agriculture, a poultry farm in rural Beijing for producing and processing eggs which produce bio gas from poultry litters and sell its credit to international market.
South Asian Enterprise Development Facility (SEDF) organised the trip to familiarise the high officials with the best practices in the economically booming country.
Afifa Raihana, coordinator sustainability of SEDF said the visit gave the delegates an opportunity to think about to take the sustainable energy finance initiative forward in Bangladesh.
It was aimed at building the capacity for bankers, prepare a guideline and checklist and portfolio of the banks in financing in non-traditional areas, she added.
Other delegation members were members of the central bank core group on SEF, CEO of the Eastern Bank, managing directors of BRAC Bank, Mutual Trust Bank Ltd and United Leasing Company, President of Association of Bankers Bangladesh, Vice Chairman of Bangladesh Association of Banks and Chairman of Bangladesh Leasing and Finance Companies Association.
Bangladesh started working on SEF in 2008 to enhance the energy efficiency and renewable energy finance portfolio of the financial institutions and encourage them to consider environmental risk lending.
SEDF has partnered with the central bank in developing the environmental risk management guideline for the financial sector of the country.