Regulatory Alerts2023-01-01
Bank of Zambia Green Loans Guidelines 2023 Gazetted
The Bank of Zambia has officially gazetted the Banking and Financial Services (Green Loans) Guidelines, 2023, making them legally effective from November 29, 2023. The circular mandates all commercial banks and non-bank financial institutions to align their lending frameworks with the newly established standards for environmentally sustainable financing. Supervisory departments will oversee compliance, requiring institutions to report green loan portfolios and adhere to the standardized operational criteria outlined in the guidelines.
[Logo: Bank of Zambia]
OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/bsd/bp
November 29, 2023
CB Circular No. : 33/2023
To : All Heads of Commercial Banks and Non-Bank Financial Institutions
GAZETTING OF THE GREEN LOANS GUIDELINES, 2023
Reference is made to the gazetting of the Banking and Financial Services (Green Loans) Guidelines, 2023.
The Bank of Zambia hereby issues the Banking and Financial Services (Green Loans) Guidelines, 2023, following Gazetting. Kindly be advised that the Guidelines are effective from the date of gazetting.
For any queries or clarifications regarding the Banking and Financial Services (Green Loans) Guidelines, 2023, kindly contact the relevant supervisory department.
[Signature]
Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS
cc Governor Director – Bank Supervision Director – Non-Bank Financial Institutions Supervision Director – Payment Systems General Counsel and Bank Secretary
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm