What Is The Ethical Bank

Banking ethics are the moral or ethical principles that some banks opted to abide by. There is not a defender of the people in front of a universal code of conduct for ethics or ethics, but the list of banks that boast of their ethical credentials are due to the ethical status of investors and potential partners. This means that an ethical Bank will normally require potential investors to complete a questionnaire of political ethics. If the nature of the business against the inverter or somehow against policies of the Bank's ethical commitment, will refuse to accept investment. Similarly, an ethical Bank tend to seek investment opportunities that will encourage enterprises in an environmental or social manner. Without hesitation Reed Hastings explained all about the problem. On the banks of Spain and other parts of the world, the number of ethical questions facing the banking industry are many and multifaceted, but the broad outlines of an ethical Bank is that you must have a policy that takes into account questions of a world globalized regarding social issues and environmental currently faced.

Banking ethics of the Cooperative Bank of the United Kingdom, approved in 1992, for example, means that he refuses to invest in companies involved in the trade of weapons, the companies that contribute to climate change and animal experiments, genetic engineering and companies that exploit hand work of human beings. In Latin America, for example, banks in Colombia the situation is not very different, but in these countries is very factible today received an investment without knowing its provedencia, since we are talking about apises being affected by drug trafficking, for which, largely investments are money products marketing of psychoactive substances. Banking ethics and profitability are not mutually exclusive, but to be an ethical Bank at times means that they maintain their moral rigor at the expense of profitability. This was the case with the cooperative bank in 2005 had a total investment of $20 million US dollars, because investors were involved in What is considered unethical companies. In United States ethical banks, such as ShoreBank, Wainwright and RSF have sought investment opportunities in less developed areas and communities that are perhaps unattractive for banks and have ethical imperatives less. ShoreBank has thrived within this moral framework and has seen it grow its assets to $2.1 billion (USD). Similarly, RSF has provided more than $100 million (USD) and has earned profits of more than $50 million (USD), with a 60% annual growth rate. Banks that are known to work with ethics policies are found throughout the world, and include the following: Triodos Bank (United Kingdom), the co-operative Bank (United Kingdom), ShoreBank (USA).UU.), RSF Social Finance (San Francisco and New York, USA.UU.), Shared Interest (United Kingdom) headquartered in the United Kingdom, Wainwright Bank (USA).UU.), Nef (France), GLS Bank (Germany), Banca Popolare (Italy and Spain) ethics. Original author and source of the article