In July 2017, OeEB provided Business Advisory Services funds to support an initiative to improve sustainability in Sri Lanka's banking sector.
|Project name||Sri Lankan Sustainable Banking Initiative|
|Region||Southern and Eastern Asia|
|Sector||Banking and financial services|
|Service||Business Advisory Services|
|Project country||Sri Lanka|
|Project partner(s)||FMO, DEG, Proparco, Sri Lanka Banks’ Association (SLBA), Innovativkonzept Ltd.|
18 Sri Lankan banks, including OeEB client Seylan Bank PLC, signed the "Principles of the Sri Lankan Sustainable Finance Initiative". The banks thereby committed themselves to integrating environmental and social considerations into decision-making processes, respecting human rights principles in their business activities and to promoting financial inclusion and Green Finance.
Together with other European development banks, OeEB finances a team of experts hired to help put these principles into practice. The aim of the project is to develop guidelines and case studies for sustainable banking, to implement training measures in banks, to build up a local expert network and to set up a web-based knowledge sharing platform.