The Impact of Green Banking on Economic Growth: A Study from the Trade Bank of Iraq
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This research aims to study the impact of green banking on economic growth, focusing on the Trade Bank of Iraq. A quantitative methodology was used based on a questionnaire that included 176 employees of the bank, who were randomly selected to ensure representation of different departments. The research addressed three main dimensions: green financial products, environmental risk management, and corporate social responsibility. The results showed that there is a strong positive relationship between green banking and economic growth, as the correlation coefficient between social responsibility and economic growth reached 0.75, while it reached 0.72 for green financial products and 0.68 for environmental risk management. Statistical analyses confirmed that green banking explains 68% of the change in economic growth according to the R-squared value = 0.68. The results also showed that adopting green finance enhances sustainable investments, which contributes to creating new job opportunities by 4.2 according to the Likert scale. The research recommended expanding awareness of green banking practices, increasing financial incentives for institutions that adopt sustainability, and strengthening legislation supporting green finance to ensure the sustainability of the financial sector.
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