Thursday, June 14, 2007

Environment, governance shapes African bank lending

(Reuters) - The majority of banks in South Africa are taking into account issues such as the environment and government corruption when they lend money, a joint United Nations-South African study said on Thursday.

Environmental, social and governance (ESG) issues have become factors in credit risk assessments for 70 percent of banks in South Africa and a quarter of those in Nigeria -- the continent's two largest economies -- the study said.


Read more at Reuters Africa

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