Bangladesh Bank has extended the time for commercial banks in implementing the second and third phases of green banking policy up to December 31, 2014 and June 30, 2015 respectively.
Earlier, the deadlines were December 31, 2012 and December 31, 2013.
The central bank took the decision based on the experience from on-site and off-site supervision, said a circular issued yesterday. It also extended the deadline by 15 days for submitting the quarterly reports on green banking by the 47 commercial banks.
The scheduled banks have earlier been provided with uniform reporting format to submit quarterly reports on green banking activities within next 15 days of the respective quarter-end.
Now it has been decided that the banks will be required to submit their quarterly report as of December 31, 2013 within January 30, 2014 and similarly they will continue submitting reports of the subsequent quarters within the next 30 days of the respective quarter-end.
Banks will keep their annual reports and websites updated with the disclosures on green banking initiatives. All other existing instruction will remain unchanged, said the circular.