Impact of COVID-19 on Green Financial Practices of Banks and Financial Institutions in Bangladesh

Authors

  • Zarin Khan Moon Jashore University Science & Technology
  • Md. Mahedi Hasan Jashore University Science & Technology

DOI:

https://doi.org/10.3126/jbssr.v7i1.47682

Keywords:

Bangladesh bank, COVID-19, financial institutions, green performance, sustainable development

Abstract

Bank and financial institutions (FIs) as environmentally friendly and socially responsible institutions plays important role in balancing sustainable economic development and environmental conservation through green financing guided by Bangladesh Bank (BB). COVID 19 has kept an adverse effect on the whole economy and economic system. The aim of this study was to see whether COVID-19 has any impact on the green performance of bank and financial institutions. Secondary data from the Bangladesh Bank was collected through document analysis and a qualitative analysis was made. It was seen that COVID-19 affected most of the sectors of the green activities of bank and Financial Institutions. Time befitting policies should be taken by the government and Bangladesh Bank to get rid of these effects. 

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Author Biographies

Zarin Khan Moon, Jashore University Science & Technology

MBA Student, Department of Accounting and Information Systems

Md. Mahedi Hasan, Jashore University Science & Technology

Dean, Faculty of Business Studies

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Published

2022-08-24

How to Cite

Moon, Z. K., & Hasan, M. M. (2022). Impact of COVID-19 on Green Financial Practices of Banks and Financial Institutions in Bangladesh. Journal of Business and Social Sciences Research, 7(1), 21–40. https://doi.org/10.3126/jbssr.v7i1.47682

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Section

Articles