Dashen Bank, EIB Conduct Kick-off Meeting on Climate Risk and Greening Financial Systems – Technical Assistance Program [GFS – TAP]
Dashen Bank, one of the leading private commercial banks in Ethiopia, today officially launched a comprehensive technical assistance program with the support of the European Investment Bank(EIB). This initiative aims to strengthen the Bank’s capacity to manage climate-related risks and support sustainable financing practices.
Opening the meeting through his speech, Chief Executive Officer of Dashen Bank, Asfaw Alemu, indicated that the role of banks is no more lending and deposit taking but also to be active players in climate finance, integrating environmental risk into decisions. Contemporary banks also have to play a role in catalyzing green investments that support long-term economic and ecological sustainability, he noted.
Asfaw also said that together with the European Investment Bank, Dashen Bank shall scale up financing for green, inclusive, and climate-resilient projects, especially in areas such as renewable energy, sustainable agriculture, and eco-friendly infrastructure.
Thomas Lugez, Investment Officer of EIB Global Directorate-International Partners, on his part, said that Dashen Bank shall be one of the reliable partners to provide technical assistance in introducing green financing systems and climate risk in Ethiopia. This technical assistance shall pave further alignment and collaboration between the European Investment Bank and Dashen Bank in other areas, he added.
Dashen Bank recognizes the critical importance of addressing climate change and its potential impact on its business,customers, and the Ethiopian economy. This initiative underscores the Bank’s commitment to integrating environmental sustainability and climate resilience into the Bank’s core business operations.
This Program is designed to support Dashen Bank in developing its capacity to identify, assess, and manage climate-related risks and opportunities within its lending portfolio. The program will also help the bank to develop and expand its green lending activities, it was noted.
Dashen Bank is delighted to partner with the European Investment Bank on this important initiative, which is a significant step in equipping the Bank’s team with the knowledge and tools needed to identify, assess, and manage climate risks effectively, while also creating new opportunities to support sustainable development through green financing and thereby positively contributing to our people and planet, it was noted.
This program is a testament to Dashen Bank’s commitment to responsible banking and desire to play a leading role in supporting Ethiopia’s long-term, low emission green growth strategic agendas through the reduction of greenhouse gas emissions, enhancing engagement on inclusive financing for SMEs, women, youth, and overall underserved parts of the community, it was stressed.
Dashen Bank, one of the leading private commercial banks in Ethiopia, today officially launched a comprehensive technical assistance program with the support of the European Investment Bank(EIB). This initiative aims to strengthen the Bank’s capacity to manage climate-related risks and support sustainable financing practices.
Opening the meeting through his speech, Chief Executive Officer of Dashen Bank, Asfaw Alemu, indicated that the role of banks is no more lending and deposit taking but also to be active players in climate finance, integrating environmental risk into decisions. Contemporary banks also have to play a role in catalyzing green investments that support long-term economic and ecological sustainability, he noted.
Asfaw also said that together with the European Investment Bank, Dashen Bank shall scale up financing for green, inclusive, and climate-resilient projects, especially in areas such as renewable energy, sustainable agriculture, and eco-friendly infrastructure.
Thomas Lugez, Investment Officer of EIB Global Directorate-International Partners, on his part, said that Dashen Bank shall be one of the reliable partners to provide technical assistance in introducing green financing systems and climate risk in Ethiopia. This technical assistance shall pave further alignment and collaboration between the European Investment Bank and Dashen Bank in other areas, he added.
This Program is designed to support Dashen Bank in developing its capacity to identify, assess, and manage climate-related risks and opportunities within its lending portfolio. The program will also help the bank to develop and expand its green lending activities, it was noted.
Dashen Bank is delighted to partner with the European Investment Bank on this important initiative, which is a significant step in equipping the Bank’s team with the knowledge and tools needed to identify, assess, and manage climate risks effectively, while also creating new opportunities to support sustainable development through green financing and thereby positively contributing to our people and planet, it was noted.
This program is a testament to Dashen Bank’s commitment to responsible banking and desire to play a leading role in supporting Ethiopia’s long-term, low emission green growth strategic agendas
through the reduction of greenhouse gas emissions, enhancing engagement on inclusive financing for SMEs, women, youth, and overall underserved parts of the community, it was stressed.