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Home Business News

Bank of Industry (BOI) is now a signatory to UN Banking Principles

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
October 8, 2021
in Business News, Financial Services, Spotlight
BOI
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The United Nations Principles for Responsible Banking have been signed by the Bank of Industry (BOI).

It is a unified framework for a sustainable banking industry that was created through a collaboration between banks throughout the world and the United Nations Environment Programme Finance Initiative (UNEP FI).

This is according to the Managing Director/Chief Executive Officer, BOI, Mr Olukayode Pitan.

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What they are saying 

Pitan, in a statement, said, “We are honoured to be the first Development Finance Institution in Nigeria to commit to the UNEF FI Principles for Responsible Banking alongside other leading DFIs in the international space. 

“This global framework strengthens our approach to addressing the sustainable development challenges of our economy by critically analyzing our market to identify pressing needs of our communities, environment & customers.”  

Signatories to the Principles take on a leadership role, demonstrating how banking products, services and relationships can support and accelerate the changes necessary to achieve shared prosperity for both current and future generations, building a positive future for both people and planet. 

“As Nigeria’s foremost Development Finance Institution, BOI stands as a driving force for sustainable development through investment across the nation.”

In case you missed it 

The Bank of Industry (BOI) earlier disclosed that despite the pandemic in 2020, its assets rose to N1.8 trillion in the same year.

BOI Chairman, Aliyu Dikko, revealed that the asset growth increased by 79.1%, compared to N1.04 trillion recorded at the end of 2019, citing the bank’s resilience in the face of operational difficulties brought about by COVID-19 globally and in Nigeria.

Nairametrics reported in March that the Federal Government had disclosed that BOI, under the supervision of the Federal Ministry of Industry, Trade and Investment, secured a $1 billion syndicated loan to support Micro, Small and Medium Enterprises (MSMEs) in the country.

Tags: Bank of Industry (BOI)UN Environment Programme Finance InitiativeUnited Nations Principles for Responsible Banking
Ubah Jeremiah Ifeanyi

Ubah Jeremiah Ifeanyi

For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah

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Comments 2

  1. shuaibu Ali says:
    October 9, 2021 at 11:52 am

    I will be very greafully if I get this opputunity

    Reply
  2. Folorunsho Emmanuel Ajibola says:
    June 10, 2022 at 9:22 pm

    Please, I needed money to go into fish farming and need fund to finance it. I have four river which I have secured for that purpose. And also have interest in pottery but am also into POS business

    Reply

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