EBI Publications

Practitioners of responsible banking: According to the aforementioned, any responsible bank would care for the outcome of its investments, commercial activities and projects through its direct influence on economy and society. therefore, incorporates the ten principles of responsible banking into its internal policies and each and every project and be sure that these principles are followed , understood and applied by its staff in a perfect way, since each bank’s employee represents the public face of responsible banking in front of all customers. Simply, each staff member should realize that the main role of the bank is not only to sell its products and services to maximize profits but also to advise and escort its customers when it comes to financial decisions to enable them to choose what is suitable for them according to their desires and affordability . 10-Contribution to financial stability: Financial stability is an important factor to achieve economic growth that is why banks have a role to play in supporting financial stability, which will contribute in the development of the economy as a whole without any kind of discrimination. Moreover, working on reaching the highest sustainable economic growth as well as high level of employment will lead to raise the standard of living for citizens in their countries. It is worth mentioning that central banks have the responsibility of achieving financial stability and limiting systemic risk. Also, central banks should take the necessary procedures to deal with banks that suffer from structural problems and liquidity crisis by enhancing liquidity in such banks. Moreover, the state of financial stability will be achieved when the financial sector is able to resist economic crisis through directing financial resources to investment opportunities in an efficient way.