Open Access Open Access  Restricted Access Subscription or Fee Access

Justification of Present Status of Green Banking in Bangladesh

Mohammad Kamrul Ahsan, Md. Shamsu Uddin


For the climate change and global warming, all the financial institutions in this world, including those of Bangladesh try to adopt ‘Green’ concept in many ways. Green banking is one of these actions, how bank goes green, collection of all activities related to saving the environment. Traditional banking systems focused on only earning profit, but green banking system focused on not only earning profit but also saving the environment. A traditional bank will become green bank whenever it directs its core operations toward the betterment of environment.  As per the consciousness of green banking practice, Bangladesh Bank (BB) has prepared a Green Banking Policy Guideline in February 2011 to protect environmental degradation and maintain sustainable banking practices. The aim of this paper is to identify the cause of adopting and present scenario of green banking practices in Bangladesh. This paper is basically based on secondary data available from related websites, published reports and articles. This study has shown that only some private and foreign commercial banks have adopted green banking guidelines and financed some green projects. On the other hand, state-owned commercial and specialized development banks have no remarkable initiatives. But, all the green banking activities in Bangladesh are up warding in trends.




Green Banking, Bangladesh Bank, Green Banking Policy

Full Text:



Ahmed AA and Dey MM. 2011. Accounting Disclosure Scenario: An Empirical Study of the Banking Sector of Bangladesh Accounting & Management Information Systems, 9.

Ahmed AA and Siddique MN. 2013. Internet Banking Espousal in Bangladesh: A Probing Study Engineering International, 1, 40-47.

Ahmed AA. 2009. The Effect of Timeliness Regulation of Corporate Financial Reporting: Evidence from Banking Sector of Bangladesh Accounting and Management Information Systems, 8, 216 - 235.

Bangladesh Bank (2012), Annual Report on Green Banking 2012, Green banking Wing, Green Banking and CSR Department, Bangladesh Bank

BRPD Circular No.2, (February 27, 2011) Policy Guideline for Green Banking, Banking Regulation and Policy Department, Bangladesh Bank, []

GBCSRD Circular No.4, (August 11, 2013) Policy Guideline for Green Banking, Green Banking and CSR Department, Bangladesh Bank, [] [Accessed: 11 July 2015]

GBCSRD Circular No.5, (September 11, 2013) Policy Guideline for Green Banking, Green Banking and CSR Department, Bangladesh Bank, [] [Accessed: 11 July 2015]

Goni, M.O. (2013), Green banking: Concept and policy guidelines, The Financial Express, Section: Views and Reviews, Dhaka, on Monday, 29 July/2013, VOL. 20 NO. 157 REGD. NO. DA 1589

Gray, S. (2015) Green Banking: An Overview, Global Journal of Advanced Research, vol-2, Issue-8, PP.1291-1296, ISSN: 2394-5788, 30 August 2015

Habib, S.M.A. (20141), Green Banking Initiative: Opportunities for Bangladesh, Green Banking in Bangladesh Environmental Risk Management in Banking, BIBM, November, 2014, ISBN: 978-984-33-8352-5

Habib, S.M.A. (2015), Developing environmentally sustainable banking, The Financial Express, Section:Views and Reviews, Dhaka, on 12 July 2015, VOL. 22 NO. 238 REGD NO. DA 1589

Indian Banks Association. (2014, 03 3). Green Banking Innovations; Indian Banks' Association. Retrieved from The Indian Banker:

Islam, M.S. (2014). Green Banking in Bangladesh: How Much Implemented by the Practitioners?Abasyn Journal of Social Sciences. Vol: 7 Issue: 2, July-December, 2014

Islam, M.S. and Das, P.C. (2013) Green Banking practices in Bangladesh, IOSR Journal of Business and Management (IOSR-JBM), e-ISSN: 2278-487X.Volume 8, Issue 3 (Mar. - Apr. 2013), PP 39-44. Available:

Islam, T., Sharmeen, K. and Rahman, S. (2014) Adopting Green: from the Perspective of Private Commercial Banks in Bangladesh, Proceedings of Annual Shanghai Business, Economics and Finance Conference3 - 4 November 2014, Shanghai University of International Business and Economics, Shanghai, China,ISBN: 978-1-922069-63-4

Nath, V. Nayak, N. and Goel, A (2014) GREEN BANKING PRACTICES – A REVIEW, IMPACT: International Journal of Research in Business Management (IMPACT: IJRBM) ISSN(E): 2321-886X; ISSN(P): 2347-4572 Vol. 2, Issue 4, Apr 2014, PP-45-62

Rahman, A. (2013) Green Banking and Sustainable Development: The Case of Bangladesh, The Bangladesh Accountant, January - March 2013

Rahman, M. M.; Ahsan M. A.; Hossain M.M and Hoq M.R (2013) Green Banking Prospects in Bangladesh, Asian Business Review, Volume 2, Number 2/2013 (Issue 4) ISSN:2304-2613(Print); ISSN:2305-8730(Online), [Accessed: 12 July 2015]

Rahman, M., Ahsan, M., Hossain, M., & Hoq, M. (2015). Green Banking Prospects in Bangladesh. Asian Business Review, 2(2), 59-63.

Rashid, I (2013) Green BankingÂ-a new era of banking, The Financial Express, Section:Feature and Analyses, Dhaka, on Saturday, 28 September 2013, VOL. 20 NO. 157 REGD NO. DA 1589

Sakir, A. S. (2015), Green banking for sound environment, The Financial Express, Section:Feature and Analyses, Dhaka, on Monday, 19 January 2015, VOL. 22 NO. 69 REGD NO. DA 1589

Shakil, M.H.; Azam M.K.G.; Tasnia M and Munim Z. H (2014) An Evaluation of Green Banking Practices in Bangladesh, IOSR Journal of Business and Management (IOSR-JBM)e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 16, Issue 11.Ver. IV (Nov. 2014), PP 67-73 [Accessed: 12 July 2015]

Verma, M. K. (2012), ‘Green Banking: A Unique Corporate Social Responsibility of India Banks’, International Journal of Research in Commerce & Management, Vol. 3, Issue 1 or


  • There are currently no refbacks.

Copyright (c) 2015 Asian Accounting & Auditing Advancement