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

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

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.

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.

In March 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.

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