Baltic International Bank offers the possibility to care about environmental integrity by making a deposit on preferential terms

News - November 4, 2016

On 04 November 2016 the historical Paris Agreement came into force. To support this initiative, Baltic International Bank offers to its customers the possibility to care about environmental integrity by making a deposit at higher interest rates.

The Paris Agreement was adopted in December 2015 in the course of the United Nations Climate Change Conference (United Nations Framework Convention on Climate Change). In the 21st century, this agreement is the first large multilateral agreement and action plan aimed at avoiding globally dangerous climate changes.

Ilona Gulchak, Chairperson of the Board of Baltic International Bank, says 'Within the framework of its new strategy, Baltic International Bank plans to pay special attention to the environment by both implementing the environmental protection activities and investing, together with customers, in the initiatives and projects directly focused on environmental integrity and alternative energy generation. Caring for the environment and actively supporting the implementation of the Paris Agreement, Baltic International Bank offers to its customers the possibility to render support to this environmental integrity initiative by making a deposit on preferential terms!'.

Using the deposited funds, the Bank will invest in different environmentally friendly projects; customers of the Bank, in turn, will be given the possibility to get higher interest rates. 

The Paris Agreement invites to limit global warming to well below 2 °C in comparison with the level before the Industrial Revolution. Scientists believe that two years is the threshold stepping over which the most negative impacts of global warming will become unavoidable.

Up to now, the Paris Agreement has been ratified by 72 countries accounting for 56% of global greenhouse gas emissions. To enter into force, it had to be ratified by at least 55 Convention countries accounting for 55% of global greenhouse gas emissions. 

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