Environmental risk management, ecology, value at risk, bank


In the banking sector worldwide more and more financial institutions show interest in credit servicing of ecological investment. That is why banks, step by step, enlarge their loan offer, raise its attractiveness according to conditions, availability and rate of interest, as well as the amount of a granted loan and the length of its repayment period. The document which initiated the beginning and development of ecological banking is the UNO declaration ‘Banking and Environment’, in which signatory banks declared an obligation to take ecological risk into consideration while granting loans, promoting new services and banking products of ecological nature and combining their statutory activity with environmental protection. By accepting this declaration, banks commit themselves, among others, to: • analyze loan applications paying attention to whether they fulfill formal and legal requirements of environmental protection, • apply loan preferences and facilitation for investments and investors who accomplish environmental protection rules, • apply ecological criteria while analyzing and assessing technical and economic assumptions of investment projects within applicable procedures of granting loans, • identify and define risk extent of environmental protection in decisions concerning loans, • offer products and services which finance economic pro-ecological undertakings • refuse loans with bad ecological reputation or investments to units which do not f

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