Latest News – April 16, 2024: SBFN launched its 2024 Global Progress Brief and new Data Portal


Category: New Member Announcements

ABANC, a non-profit organization, represents all banks in Angola while fostering inclusivity and independence within the banking sector. Founded with the aim of fortifying Angola’s financial infrastructure and fostering stronger ties with society, ABANC is committed to nurturing a resilient banking sector that aligns with the nation’s evolving needs. Prioritizing ESG and sustainable finance, ABANC has initiated a dedicated task force to execute its strategic agenda, targeting key milestones over the next 2 to 3 years: (i) promoting alignment with global sustainable finance standards, (ii) fostering innovation, credibility, and operational efficiency in banking practices, and (iii) facilitating strategic alliances for the association and its members.
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.
In an effort to raise environmental, social and governance (ESG) standards, BPNG actively encouraged sustainability initiatives within the banking sector and launched the Inclusive Green Finance Policy (IGFP) project initiative in 2021, aiming to deepen insights into climate resilience and inclusive green growth in Papua New Guinea. A cornerstone of this effort is the establishment of a dedicated Green Finance Center by BPNG to spearhead the implementation of the IGFP and drive green finance-related initiatives.
The Bank of Albania has demonstrated significant commitment and tangible progress in fostering a conducive environment for sustainable finance. This includes the development and approval of the Green Medium-Term Strategy 2023-2025 for “Management and Supervision of Climate–related Financial Risks in the Financial Sector”, which outlines a comprehensive action plan focusing on capacity building, research, risk assessment, and the promotion of international and local cooperation in the realm of sustainable finance.
ABJ is the banking association of Jordan which was established in 1978. As an esteemed member of the Union of Arab Banks, ABJ is dedicated to enhancing the banking industry. The core objectives encompass safeguarding the interests of its members, modernizing banking services, fostering comprehension of banking practices and standards, and maintaining adherence to unified regulations and procedures.
The Azerbaijan Micro-Finance Association (AMFA) has joined the Sustainable Banking and Finance Association (SBFN), solidifying AMFA’s commitment to advancing sustainable and equitable economic growth in Azerbaijan. Established in 2001, AMFA has grown to become a prominent professional association representing 27 members, consisting of 22 non-bank credit organizations, three banks, a credit union and a leasing company.
The Central Bank of the Republic of Kosovo (CBK) has become a member of the Sustainable Banking and Finance Network (SBFN) in conjunction with its efforts to advance sustainable finance practices and fortify the financial system's resilience to climate-related and environmental risks. CBK regulates and supervises a range of financial institutions, including banks, insurers, pension funds, microfinance institutions, non-bank financial institutions, and insurance intermediaries.
TBA was formed in 1995 as an association of banks and financial institutions in Tanzania. TBA together with its members act as a main contributor and facilitator of economic growth in the country ensuring the sustainability of the banking sector in the country. TBA supports the development of sustainable finance in the country by formulating and implementing sustainable finance policies with clear environmental, social, and governance (ESG) guidelines.
The Sustainable Banking and Finance Network (SBFN) welcomes Bankers Association of Zambia (BAZ) as its newest member. Founded in 2008, BAZ is a membership- based organization representing 17 registered and licensed commercial banks in Zambia. The Association supports its members in developing sustainable green solutions, builds capacity in green finance, and contributes to important sustainability discussions in the country.
The Sustainable Banking and Finance Network (SBFN) welcomes the Securities and Exchange Commission of Zambia (SEC) as its newest member. SEC is the regulator of the capital markets in Zambia and was established in 1993 through an Act of parliament. The SEC is responsible for the supervision and development of the Zambian Capital Markets, as well as licensing, registration and authorization for financial intermediaries, issuers of debt and equity instruments and collective investment schemes.