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Meeting with IFC and SBFN representatives

Today, June 5, 2024. in accordance with the assumed obligations, the General Secretary of UBCG Bratislav Pejaković had a meeting with IFC representative Jana Mudronova and SBFN representative Boris Janjalia in accordance with the SBFN member Engagement Survey in order to define work in working groups and goals for participation of UBCG in this organization. Today’s meeting and the membership itself represents a significant step in the process of integrating sustainability principles into basic financial practices. We are convinced that by accepting the principles of sustainable banking, we strengthen the resilience of our financial sector and pave the way for a more prosperous and environmentally responsible future.

The Association of Montenegrin Banks has become a member of the Sustainable Banking and Finance Network (SBFN), which is supported by the International Financial Corporation (IFC). It is a global platform for knowledge exchange and capacity building on sustainable financing for financial sector regulators and branch associations of emerging markets and developing economies.

AMB on 10.04.2024. after accepting our application, received confirmation and a welcome letter from the head of SBFN, Mr. Alfonso Mora, who emphasized that he is looking forward to working together to promote an ecosystem that skillfully, manages ESG risks and performance. This collaboration will support the development of a national sustainable finance map, helping to channel capital towards initiatives that meet environmental and social goals.

Membership in the SBFN community means access to the experiences of member countries on this path, insight and technical support in using the best practices of member institutions, and will also have their own representatives in the relevant working bodies of this organization. SBFN gathers 93 members representing 71 countries, with a total of 68 billion dollars assets of banks in developing markets. This membership underscores the commitment of commercial banks to sustainable development, while strengthening our capacity to positively impact the financial community.