The Arab African International Bank "AAIB" announces the commencement of the admission for the first training program on sustainable finance in Egypt and the MENA region. Bankers are allowed to submit to the 5 months online certification course on Renewable Energy and SMEs Finance starting on April 2016. The program is tailored as a partnership between AAIB and the Frankfurt School of Finance and Management, being one of the leading research-led business schools worldwide with strong record of accomplishment in providing various degree courses as well as Executive Education programs. Frankfurt School of Finance and Management will provide experienced banking executives with the technical background needed to endorse sustainable finance products and services within the banks daily business operations.
Hassan Abdalla, CEO and Vice Chairman of AAIB said: "MOSTADAM has been established to implement sustainable finance practices and concepts to further associate funding with the needs of the society and the environment for the purpose of attaining growth and development."
These two training programs come in continuation to the first module launched under MOSTADAM; that introduces sustainable finance as a concept to peers in the banking industry. The first training module took place in November 2014 with the successful buy in and joining of 11 banks and the certification of 32 participants by the Egyptian Banking Institute (EBI); the training arm of the Central Bank of Egypt (CBE).
Mona El-Baradei, Executive Director of the EBI commented: "The current stage requires the cooperation between the EBI and all serious initiatives to endorse sustainability policies in the Egyptian banking sector."
MOSTADAM is an initiative founded since 2012 by AAIB, Egyptian Corporate Responsibility Center (ECRC) and United Nations Development Program (UNDP), to promote sustainable finance within the banking sector in Egypt and the region. The platform provides technical training and capacity building in the field of sustainable finance.
AAIB acknowledges that sustainable finance will be enacted through active collaboration of the Egyptian banking sector, as it believes that sustainable finance has high potential to be vibrantly put into practice in Egypt.
-Ends-
© Press Release 2016
