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CBN,IFC to host 2014 International Sustainable Banking Forum in Lagos

28 February 2014, 10:48

Lagos - The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have announced plans to host the second International Sustainable Banking Forum in Lagos from March 3 to March 4.

The forum would serve as a platform to share experience and build partnerships for sustainable banking in emerging markets.

The forum is to attract policy makers from governments, multilateral development banks, financial institutions, civil society organisations and technical institutions.

It will also provide experts opportunity to share insights and ideas also on sustainable banking.

Dr Sara Alade, Acting Governor, Central Bank of Nigeria (CBN), said the apex bank partnering with IFC to create knowledge sharing through the forum and generate critical guidance on environmental and social risks management for banks and other financial institutions.

The IFC Country Manager for Nigeria, Solomon Adegbie-Quaynor, said that “the forum will bring together representatives from the Nigerian financial sector with colleagues from all over the world”.

“It is a great opportunity to promote principles within the industry that advance sustainable business growth and economic development.”

The network members currently include Bangladesh, Brazil, China, Colombia, Indonesia, Lao, Mongolia, Nigeria, Peru, Philippines, Thailand and Vietnam.

The IFC said that sustainable banking helped banks and financial institutions to understand better the benefits and risks of environmental and social impacts of their investments and loans.

“It provides a framework for them to further integrate these considerations into their policies, operations and procedures.

“This creates environmental and social responsibility in the financial sector and adds long-term value for clients and other stakeholders”. 

-    NAN

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