Green Banking Practices in Libyan Commercial Banks (A Field Study on a Sample of Libyan Commercial Bank Branches Operating in Benghazi City)

Abstract

The application of green banking in Libyan commercial banks provides several advantages that can contribute to achieving sustainable development through supporting and financing green projects, reducing environmental impact, offering sustainable investment opportunities, and improving their public image. This, in turn, leads to increased trust, attracting more customers, enhancing the overall performance of banks, and promoting economic development. The main objective of this study is to identify the most important green banking practices in Libyan commercial banks. To achieve this objective, the descriptive-analytical method was adopted, and data were collected through a questionnaire designed based on the theoretical framework and related studies. The study population consisted of Libyan commercial banks, while the study sample included a group of officials working in branches of commercial banks operating in Benghazi City. The findings revealed that the banks in the study sample do not engage in green banking activities, except for the use of electronic and paperless transactions. The results also showed that there were no differences among the banks in practicing green banking activities. The most important recommendations emphasized that bank managements should pay greater attention to green banking activities through establishing a dedicated department for green banking, organizing training courses for employees to raise awareness about the importance of green banking, and prioritizing the financing of environmentally friendly projects.