BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They are more transparent and have better moral standards
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Their level of loan loss provisions is higher
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They provide less credit
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Financial stability is not essential for implementing sustainable strategies
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Detailed explanation-1: -In the long-term, sustainable banking will help create the perception of a responsible business, address expectations of a more aware customer, conform to new regulations and create new business opportunities.
Detailed explanation-2: -A KNowLEdGE NETwoRK FoR BANKING REGULAToRS Sustainable finance protects banks’ assets, improves brand value, and lowers cost of capital. It also helps build resilient economies.
Detailed explanation-3: -Sustainable banking principles are guidelines for managing environmental and social risk, footprint, and governance, as well as improving human rights, women’s economic empowerment, financial inclusion, capacity building, collaborative partnerships, and reporting in the financial services sector.
Detailed explanation-4: -Green banking refers to a bank changing its internal operations to lower or eliminate its environmental impact through initiatives like green IT and energy-efficient premises. Sustainable finance is the provision of financial products that incentivize or mandate environmentally-friendly behavior.