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Association of Montenegrin Banks Joins SBFN to Further Enhance Sustainable Finance Efforts

April 23, 2024 – The Sustainable Banking and Finance Network (SBFN) is pleased to announce the inclusion of the Association of Montenegrin Banks (AMB) as its newest member, emphasizing our shared commitment to advancing sustainable finance practices and enhancing Montenegro’s financial system resilience against climate-related and environmental risks.

AMB, a non-profit organization dedicated to improving the performance of the banking sector in Montenegro, has demonstrated remarkable dedication and tangible progress in fostering an environment conducive to sustainable finance. Notably, AMB has spearheaded various sustainability initiatives within the banking sector, including the Green Finance Forum, a collaborative effort with the Chamber of Commerce of Montenegro. This platform provided banks with an opportunity to showcase sustainable finance projects, with a particular focus on empowering young entrepreneurs and women in business.

“We extend a warm welcome to AMB as our newest member,” stated Rong Zhang, Global Coordinator of SBFN. “We are enthusiastic about collaborating with AMB to foster an ecosystem that facilitates the management of ESG risks and performance in the financial sector. Together, we aim to develop innovative products to encourage capital flow toward sectors and activities aligned with environmental and social objectives. Through our combined efforts, we seek to catalyze positive change in the financial landscape, promoting practices in line with sustainable development goals.”

With the inclusion of AMB, SBFN now boasts 91 members spanning 70 countries, further solidifying its global reach and impact in sustainable finance advocacy.