Almost 90% of all banks and savings houses in our country believe that climate change is an important source of risk for financial stability. This is shown by the latest Climate Change Risk Survey, conducted by the National Bank in early 2022.
According to the NB, although most of the respondents recognize the importance of climate risks for the financial system, there are still a small number of banks and savings houses that have taken climate change into account in their development plans.
Also, only 40 percent of banks and savings houses have introduced new products and services in response to climate change. However, 80% of respondents said they were considering introducing such products. Green loans granted to the private sector in 2021 increased by 2.7 percent compared to the previous year.
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