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Mongolian banks are to implement stable financing principles. The sustainable financing principles are focused on investing in the country’s future, fostering green development and saving on operational costs. By implementing the Sustainable Financing Principles, Mongolian banks will integrate environmental and social considerations into business decisions, promote green initiatives, services and products, as well as consider the environmental and safety issues in their operations.
Representatives of the banking sector believe that although the implementation may have a negative impact on the economy in the short term, the change will be very important for the nation's long term financial stability. According to estimates of the Mongol Bank, through the introduction of stable financing principles, Mongolia will be able to fully apply stable development by 2030.
Mongolian banks to implement stable financing principles | ||
Үзсэн: 1336 | Mongolian National Broadcaster |
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