IDEAS home Printed from https://ideas.repec.org/a/blg/msudev/v13y2021i1p9-13n3.html

Towards Better Involvement In Green Banking Practices: Evidence From Romania

Author

Listed:
  • BAICU Claudia Gabriela

    (Institute for World Economy, Romanian Academy)

Abstract

The European Green Deal has re-ignited the imperative of green finance that is called to support the European Union transition to a greener economy. Green finance becomes even more opportune in the context of the economic recovery after the COVID-19 pandemic. The aim of the paper is to explore green banking practices in the Romanian banking system. The investigation reveals the efforts of banks to be environmentally friendly and to be involved in financing of some green projects, such as the energy efficient projects. Nevertheless, the green banking products are still in the emerging stage and banks in Romania should develop their role in the field, by diversifying the range of green products and services, improving the expertise to assess green projects or intensifying the marketing initiatives to promote green products. In order to encourage banks in Romania to provide green financing several incentives should be conceived; similar to banks, the borrowers seeking green projects should be rewarded. Some mandatory requirements for banks to be involved in green investments may promote green banking in Romania. An essential condition to achieve the development of green banking in Romania is to increase awareness towards environmentally friendly behaviour at all levels.

Suggested Citation

  • BAICU Claudia Gabriela, 2021. "Towards Better Involvement In Green Banking Practices: Evidence From Romania," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(1), pages 9-13, June.
    • Handle: RePEc:blg:msudev:v:13:y:2021:i:1:p:9-13:n:3
    as

    Download full text from publisher

    File URL: https://msdjournal.org/wp-content/uploads/vol13issue1-2.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hyoungkun Park & Jong Dae Kim, 2020. "Transition towards green banking: role of financial regulators and financial institutions," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 5(1), pages 1-25, December.
    2. Georgiana-Loredana FRECEA & Candidate Constantin SCHIPOR, 2017. "Corporate Social Responsibility - The Romanian Banking Sector Perspective," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 39, pages 155-162, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wajeeha Aslam & Syed Tehseen Jawaid, 2025. "Green banking adoption practices: the pathway of meeting sustainable goals," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(1), pages 1015-1040, January.
    2. Olga Miroshnichenko & Elena Iakovleva & Natalia Voronova, 2022. "Banking Sector Profitability: Does Household Income Matter?," Sustainability, MDPI, vol. 14(6), pages 1-19, March.
    3. Razvan Alexandru Rusu & Madalina Ana Burduja & Dorel Mihai Paraschiv, "undated". "Incentives for Large Asset Owners to Fund the Green Energy Transition in Developing Countries," BASIQ Conference Proceedings 2024:066, Bucharest University of Economic Studies.
    4. Mohammed Bashir Abdi & James Nzili & Michael Kiama, 2024. "Influence of Strategic Leadership on Organizational Performance in Charitable NGOs in Nairobi County," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(5), pages 1155-1162, May.
    5. Hu, Zinan & Borjigin, Sumuya, 2025. "Climate information disclosure quality and systemic risk in the U.S. banking industry," Journal of Financial Stability, Elsevier, vol. 79(C).
    6. Serhat Yüksel & Hasan Dinçer & Duygu Yavuz, 2023. "Determination of Priority Factors for the Development of Green Banking Practices in Turkey with the Fuzzy DEMATEL Method," Journal of Sustainable Development Issues (JOSDI), SDIjournals, vol. 1(1), pages 23-41, December.
    7. Neha Chhabra Roy, 2024. "Sustainable lending strategies: a framework for enhancing climate resilience in industrial loan portfolios," Asia Europe Journal, Springer, vol. 22(4), pages 423-462, December.
    8. Duan, Chengyonghui & Soh, Wei Ni & Ong, Tze San & Abdul Rahim, Norhuda Bt, 2025. "Evidence from financial freedom moderating the relationship between government intervention and financial stability," Finance Research Letters, Elsevier, vol. 72(C).
    9. Yan Li & Yi Shi, 2022. "Dynamic Game Analysis of Enterprise Green Technology Innovation Ecosystem under Double Environmental Regulation," IJERPH, MDPI, vol. 19(17), pages 1-33, September.
    10. Carrera, Edgar J. Sanchez & Giombini, Germana & Calcagnini, Giorgio, 2025. "Bank lending policies and green transition," Structural Change and Economic Dynamics, Elsevier, vol. 74(C), pages 619-629.
    11. Giakoumelou, Anastasia & Salvi, Antonio & Bekiros, Stelios & Onorato, Grazia, 2024. "ESG and FinTech funding in the EU," Research in International Business and Finance, Elsevier, vol. 69(C).
    12. Klein, Sophie Maria Anneke & Polzin, Friedemann, 2025. "Greening the retail banking industry: Evidence from German bank account consumers," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    13. Ikram Ullah Khan & Zahid Hameed & Safeer Ullah Khan & Manzoor Ahmad Khan, 2024. "Green banking practices, bank reputation, and environmental awareness: evidence from Islamic banks in a developing economy," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(6), pages 16073-16093, June.
    14. Toma, Pierluigi & Stefanelli, Valeria, 2022. "What are the banks doing in managing climate risk? Empirical evidence from a position map," Ecological Economics, Elsevier, vol. 200(C).
    15. Apanisile Temitope Samuel, 2024. "The Justification of Complex Systems Analysis in Better Informing Project Decisions: A Study of the us Surface Transportation Board," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(8), pages 263-280, August.
    16. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi & Madiha Saleem & Abdul Basit & Muhammad Umair Ahmed, 2023. "Evaluation of Green Banking in Pakistan Using Framework of the Central Bank: Employing TOPSIS Approach," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 159-168.
    17. Ioannis Malandrakis & Konstantinos Drakos, 2025. "Green banks versus non‐green banks: A financial stability comparative analysis in terms of CAMEL ratios," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 2536-2573, July.
    18. Fawad Ali & Muhammad Yusuf Amin & Shehzad Khan & Zahoor Ul Haq & Faisal Faisal, 2026. "Transforming financial institutions through green finance: The strategic role of FinTech in OECD Countries," SN Business & Economics, Springer, vol. 6(5), pages 1-27, May.
    19. Ioan-Iulian Norocel & Eugen-Marian Vierescu, 2024. "The Relationship between Environmental, Social and Governance Factors, Economic Growth, and Banking Activity," JRFM, MDPI, vol. 17(7), pages 1-12, July.
    20. Noor Faiza M. Ja'afar & Fatin Nadhrah Mohd Khir & Fatmawati Jusoh & Maslinawati Mohamad, 2024. "Sustainability-Linked Loans for EV Manufacturers: An Emerging Trend in Banking," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(11), pages 1549-1556, November.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:msudev:v:13:y:2021:i:1:p:9-13:n:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Camelia Oprean-Stan (email available below). General contact details of provider: https://edirc.repec.org/data/feulbro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.