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The impact of green lending on banking performance: Evidence from SME credit portfolios in the BRIC

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  • Mirza, Nawazish
  • Afzal, Ayesha
  • Umar, Muhammad
  • Skare, Marinko

Abstract

The evolution of green financing is essential for emerging markets to facilitate sustainable development. The banking channels can provide the necessary funds that can foster the transition to eco-friendly business processes. This role is more critical in the case of SMEs who face funding constraints but can play a significant role to achieve net zero emissions. The literature on the relationship between sustainable bank financing and SMEs is non-existent and in this paper, we attempt to fill this gap. We employ a comprehensive dataset of commercial banks in the BRIC for eleven years. Our results show a positive relationship between green SME lending and net interest margin. We also observe a negative relationship between sustainable lending to small firms and the default risk of the banks. These findings demonstrate that if banks expand their sustainable SME lending, they are likely to get bottom-line support from improvement in net interest margin and a reduction in default risk. These observations suggest that there are financial incentives for the banks to extend sustainable credit to SMEs and commercial banks can contribute to sustainability goals by tapping these opportunities.

Suggested Citation

  • Mirza, Nawazish & Afzal, Ayesha & Umar, Muhammad & Skare, Marinko, 2023. "The impact of green lending on banking performance: Evidence from SME credit portfolios in the BRIC," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 843-850.
    • Handle: RePEc:eee:ecanpo:v:77:y:2023:i:c:p:843-850
    DOI: 10.1016/j.eap.2022.12.024
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    14. Wei, Xuecheng & Hu, Weihua, 2023. "Revisiting resources curse hypothesis in China: Exploring the asymmetric effect of green investment and green innovation," Resources Policy, Elsevier, vol. 85(PB).
    15. Fangbin Qian & Yuanjie Pu & Yunfeng Shang, 2023. "Financing preferences and practices for developing sustainable exhibitions in Chinese companies," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-8, December.
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    More about this item

    Keywords

    Green finance; SME lending; Banking performance; Sustainability;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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