What is Sustainable Banking?

What is Sustainable Banking?

Sustainable banking is a value system, which ensures that a bank's commercial activities do not only benefit its staff and shareholders, but also its customers and the wider economy, while at the same time prevent or at least minimize any undue effects on the society and natural environment. Sustainable banking has many labels: corporate social responsibility, corporate responsibility, corporate citizenship, environmental and social governance.
In Nigeria, the Bankers' committee, which the Central Bank of Nigeria (CBN), NDIC, and all the banks in the country are members, pledged to embrace the concept of sustainable banking and went ahead to develop a set of principles called Nigeria  Sustainable Banking Principles (NSBP), which all members are required to subscribe to and implement.​

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