(The role of risk management strategy according to the international standard (ISO31000: 2018) in promoting sustainable banking development / an applied study in a number of banking institutions in the holy governorate of Karbala)

Abstract

The research seeks to know the role of applying the banking risk management strategy according to the international standard (ISO: 31000: 2018) in promoting sustainable banking development, by applying it to a sample of banking institutions in Karbala Governorate. Implementation of the strategy of banking risk management and sustainable banking development, and the aim of the research is to explain the implementation of the banking risk management strategy in accordance with the international standard (ISO: 31000: 2018) with its dimensions (scope and context, communication and consultation, risk assessment, risk treatment, monitoring and review, recording and reporting). And achieving sustainable banking development in its various dimensions (economic sustainability, environmental sustainability, social sustainability) and in order to achieve the goal of the study, the researcher used the descriptive analytical approach through the questionnaire form that was prepared for this purpose and it included several parts, the first of which dealt with: the personal data of the members of the research sample, While the second part dealt with: the paragraphs related to the independent variable and the paragraphs of the sub-variables. This part included (30) paragraphs, and the third part it dealt with: the paragraphs related to the dependent variable and the paragraphs of the sub-variables. This part included (15) paragraphs, and they were distributed to a sample Consisting of (67) directors of departments, divisions, and units in the banks surveyed, where the recovered questionnaires and valid for statistical analysis amounted to (65) questionnaires with a percentage of (97.01%). It was represented by (frequencies, arithmetic averages, standard deviation, simple correlation coefficient, simple regression coefficient, and determination coefficient).

The research also reached a set of conclusions, the most important of which is that there is a clear understanding of the banks’ departments, the research sample, with the dimensions of applying the banking risk management strategy in accordance with the international standard (ISO: 31000: 2018) and the dimensions of sustainable banking development. Achieving sustainable banking development, and the research concluded with a set of recommendations, the most important of which is the need to invest the positive relationship between the application of the banking risk management strategy and sustainable banking development in the research sample institutions in order to increase interest in the environment and benefit from it in improving the reputation of the bank