HDB honours young winning bankers in competition of banks' role in supporting transformation plan into green economy

Ceremony happens within activities of People and Banks Conference

Hassan Ghanem, Chairperson and Managing Director of the Housing and Development Bank (HDB), has honoured the young winning bankers in the research competition that was held on the role of banks in supporting the state's plan to transform into the green economy.
This comes within the framework of the bank's belief in the importance of supporting the talented and distinguished people in all fields, especially the youth of the banking sector, by encouraging them to transform creative ideas into real projects, especially in the field of transitioning to a green economy as a strategic step towards reducing environmental risks associated with the economy, in line with CBE's strategy to achieve sustainable development, and Egypt's vision 2030.
The honouring ceremony took place during the participation of the HDB in the activities of the People and Banks Conference in its 16th edition, under the title "The role of the banking sector in supporting the national economy", in the presence and participation of a large number of ministers and leaders of the banking sector and the finance and business sector.
During the conference, Hassan Ghanem moderated a session on the role of banks in supporting the state's plan to transform the green economy, which dealt with fruitful discussions about the efforts of the Egyptian state in developing a strategy for transforming the green economy, with the aim of mitigating the effects of climate change and contributing to strengthening the role of green banking to support sustainable development with the participation of a group of banking leaders.
In this context, Hassan Ghanem praised the role of the Egyptian banking sector, led by CBE, and its efforts in promoting the transition towards a green economy and sustainable development, by increasing green investment, which contributes to mitigating the effects of climate change, in addition to establishing an independent department for sustainability and sustainable financing within banks. In addition to obliging it to include executive policies and procedures for sustainable financing within the bank's credit and investment policies, with the help of an environmental consultant to evaluate major corporate projects to be funded from an environmental perspective.
He pointed out that the issuance of such instructions is an effective step to enhance the role of the banking sector in achieving the state's vision, advancing the transition towards a green economy and facing environmental and social risks.
Ghanem stressed that the Egyptian banking sector will always remain an essential partner in achieving economic growth and sustainable development, in addition to its effective role in achieving the state's vision 2030, indicating that the Egyptian banking sector is taking rapid steps towards the transformation of green economy applications, to face future risks and monitor potential opportunities to achieve green development, reduce the negative effects of climate change and achieve sustainable development in accordance with Egypt's Vision 2030.