c


m "s is an exploratory paper wit t e aim of determining t e nature and extent of

corporate social responsibility reporting in comparison to two banks in Banglades

EXIM Bank and National Bank, and to assess t e need to improve corporate social

responsibility by suc firms. We observe, from our content analysis of t e annual

reports and information available on t e websites wit in t e two Banks




À 
 
aorporate social responsibility is associated wit corporate governance and et ical

business procedure. Good corporate governance is expected to underpin effective

and efficient corporate social responsibility wit in firms. Banking sector of

Banglades is contributing to economy ugely now days. It as become one of t e

major sectors of Banglades . As playing a major role in t e economy gives t em

major responsibility to t e society. Every bank is practicing corporate social

responsibility on t eir own way. In t is paper we ave selected two banks Exim Bank

and National Bank to compare and contrast t e corporate social responsibility of

different banks in Banglades . m e purpose is not only to find out t e a
activities

but also t eir implications and effectiveness on t e society. aorporate social

responsibility or corporate governance is one of t e major quality for evaluating or

valuing a firm or bank.

 


 

aorporate social responsibility (a
, also known as corporate responsibility,

corporate conscience, corporate citizens ip, responsible business, sustainable

responsible business (
B, or corporate social performance,[1] is a form of

corporate self-regulation integrated into a business model. Ideally, a
policy would

function as a built-in, self-regulating mec anism w ereby business would monitor

and ensure its support to law, et ical standards, and international norms.

aonsequently, business would embrace responsibility for t e impact of its activities

on t e environment, consumers, employees, communities, stake olders and all ot er

members of t e public sp ere. Furt ermore, a
-focused businesses would

proactively promote t e public interest by encouraging community growt and

development, and voluntarily eliminating practices t at arm t e public sp ere,

regardless of legality. Essentially, a
is t e deliberate inclusion of public interest

into corporate decision-making, and t e onoring of a triple bottom line: people,

planet, profit.

elected banks:

For comparing and contrasting we ave selected two banks called EXIM (Export

Import Bank Banglades and National Bank Banglades Limited. m ese two banks

a
activities are gat ered and analyzed. m e information regarding t e a
of

t ese two banks are taken from t e annual report and from t eir official website.

’ 

Export Import Bank of Banglades Limited (EXIM Bank, one of t e leading private

commercial banks in t e country wit an excellent working environment and

corporate culture.

EXIM Bank Limited was establis ed in 1999 under t e leaders ip of Late Mr.

a ja anKabir, founder c airman w o ad a long dream of floating a commercial

bank w ic would contribute to t e socio-economic development of our country. He

ad a long experience as a good banker. A group of ig ly qualified and successful

entrepreneurs joined t eir ands wit t e founder c airman to materialize is

dream. Indeed, all of t em proved t emselves in t eir respective business as most

successful star wit t eir endeavor, intelligence, ard working and talent

entrepreneurs ip.

In order to ensure delivery of smoot and most reliable remittance services to N
Bs

living and working in UK, Export Import Bank of Banglades Limited (Exim Bank

as started operation of its w olly owned subsidiary ³EXIM Exc ange aompany

(UK Ltd´. On 30t June 2009 in London, United Kingdom, one of t e oldest
destinations for t e expatriate Banglades is. It is t e first exc ange ouse owned by

a Banglades i private bank.

In order to provide Im enabled products and services to our valued customers, bank

as implemented a world renowned s aria based centralized core banking software

named mEMENO m24. m is software is capable enoug to provide all sorts of

electronic banking services to t e valued customers t roug various electronic

delivery c annels.

’
À

  c


At least 2% of our annual profit of every year is put aside for t e foundation to

conduct aorporate ocial
esponsibilities(a
 activities. m e mainstream a

activities t at are carried out t roug t is foundation are p

Ã? è

  
 

Ã? ¦

 



  

Ã? ’


¦     


Ã? è 
   
  







Ã? è 
   




Ã? A

 





    


Ã? {




A




è

  


A 5 storied building aving 10,000 sft floor space at 840 Kazi Para,

okeya arani,Mirpur, D aka-1216 as been ired to set up Exim Bank Hospital. m e

decoration of t is ospital is going on in full swing. A doctor as been recruited w o

is working as a resident director of t e ospital. Ot er doctors and ospital staffs

 ave been in t e process of selection t roug recruitment notice already publis ed in

t e national dailies. m ey will be appointed as soon as t e decoration of t e ospital

is complete.

¦

 



  

m is is a stipend package for poor and meritorious students t at take care of t e

beneficiaries t roug out t eir student life. EXIM Bank c olars ip Program,

launc ed in 2006 wit 61 poor and meritorious students selected from different

reputed educational institutions of D aka aity including Govt. Laboratory Hig

c ool, Viqarunnissa Noon c ool and aollege , D aka University, BUEm, D aka

Medical aollege, etc. enrolled as many as 1000 students from around 150 reputed

educational institutions across t e country by 31 December 2008. m ey are enrolled

in t e t is programme to be taken care of for t eir w ole educational life subject to

t eir fulfilment of t e eligibility criteria t at include satisfactory academic results,

non-involvement in student politics, financial insolvency etc. o far mk. 19.3 million

as been disbursed as sc olars ip under t is programme.

’


¦     


Under Education Promotion c eme, quard or interest-free loan is provided for poor

and meritorious students to elp t em bear mont ly educational expenditure

including academic expenses, food, accommodation, etc. m e quard is disbursed to

t e selected students in mont ly installments till t eir accomplis ing t e master

degree. Under t is programme t e students are required to repay t e amount (only

t e principal amount in long-term mont ly installments after t ey ave joined a

confirmed job accomplis ing t eir education properly. By 31 December 2008, mk.

19.7 million was sanctioned to take care of around 138 poor and meritorious students
from a number of reputed educational institutions like D aka University, a ittagong

University, D aka Medical aollege, BUEm, Banglades Agricultural University,

a jalal University of cience and mec nology etc.

è 
   
  







Anot er vital area we are dealing wit as part of our a
activities is elping people

survive natural calamities. Under t is welfare program, EXIM Bank provides relief in

cas and kind for flood, fire or cyclone victims and cold-stricken people. m e aim of

t ese a
activities is to elp t e target group overcome t eir provisional andicap

and contribute to t e socio-economic growt as soon as possible.

è 
   




Besides natural calamities, fire breaks out sometimes in slum areas t at guts t e

s anties and renders t e affected people totally elpless. In t at situation, we elp

t e victims fig t against t e ard days and return to normal life.

A

 





    


We ave donated to D aka University and a ittagong University to set up two

computer labs t at elp t e students of t ose universities acquire Iam knowledge.

m is will certainly elp t e students to be ready to take t e c allenges of t is

information society.

{




A




In response to t e call of t e D aka aity aorporation, EXIM Bank as been s aring a

good portion of t e mammot task of beautifying t e capital since 2005. mo make t e

capital a modern city enric ed wit adequate urban amenities, EXIM Bank always

joins ands wit t e government.

î 


m e National Bank LmD is t e first private sector Bank fully owned by Banglades i

entrepreneurs. m e bank was opened on Marc 28, 1983. National Bank Limited is

one of t e leading private commercial bank aving a spread network of 124 branc es

and 11 ME/Kris i centers (total 135 service locations across Banglades and plans

to open few more branc es to cover t e important commercial areas in D aka,

a ittagong, yl et and ot er areas in 2010.

At present, NBL as been carrying on business t roug its 106 branc es spread all

over t e country. Besides, t e Bank as drawn arrangement wit 415 correspondents

in 75 countries of t e world as well as wit 32 overseas Exc ange aompanies. NBL

was t e first domestic bank to establis agency arrangement wit t e world famous

Western Union in order to facilitate quick and safe remittance of t e valuable foreign

exc anges earned by t e expatriate Banglades i nationals. NBL was also t e first

among domestic banks to introduce international Master aard in Banglades . In t e

meantime, NBL as also introduced t e Visa aard and Power aard. m e Bank as in

its use t e latest information tec nology services of WIFm and
EUmE
. NBL as

been continuing its small credit programme for disbursement of collateral free

agricultural loans among t e poor farmers of Barindra area in
ajs a i district for

improving t eir lot. Alongside banking activities, NBL is actively involved in sports

and games as well as in various ocio-aultural activities.

m e Bank invested 25% equity in Gulf Overseas Exc ange aompany LLa, a joint

venture Exc ange aompany in Oman, operating since November, 1985 under t e
management of our Bank. m e Bank received
iyal Omani 11875 equivalent to

mk.2.10 million as dividend for t e year 2006.

National Bank Limited is a customer oriented financial inst itution. It remains

dedicated to meet up wit t e ever growing expectations of t e customer because at

National Bank, customer is always at t e center.

National Bank, as now acquired strengt and expertise to support t e banking

needs of t e foreign investors. NBL stepped into a new arena of business and opened

its Off ore Banking Unit at Mo ak ali to serve t e wage earners and t e foreign

investors better t an before.

ince its inception, t e bank was aware of complying wit aorporate ocial

esponsibility. In t is direction, we ave remained associated wit t e development

of education, ealt care and ave sponsored sporting and cultural activities. During

times of natural disasters like floods, cyclones, landslides, we ave extended our

and to mitigat e t e sufferings of victims. It establis ed t e National Bank

Foundation in 1989 to remain involved wit social welfare activities. m e foundation

runs t e NBL Public c ool & aollege at Mog bazar w ere present enrolment is

1140. Besides awarding sc olars ip to t e meritorious c ildren of t e employees, t e

bank as also extended financial support for t eir education. It also provided

financial assistance to t e Asiatic ociety of Banglades at t e time of t eir

publication of Banglapedia and observance of 400 years of D aka aity.

m e mransparency and accountability of a financial institution are reflected in its

Annual
eport containing its Balance eet and Profit & Loss Account. In

recognition of t is, NBL was awarded arest in 1999 and 2000, and aertificate of

Appreciation in 2001 by t e Institute of a artered Accountants of Banglades .

m e bank as a strong team of ig ly qualified and experienced professionals,

toget er wit an efficient Board of Directors w o play a vital role in formulating and

implementing policies.

î 


 

’  

National Bank Limited as been continuously creating new fields of employment

every year by way of expansion of its business activities and branc networks. In

2008, t e bank created employment for 305 personnel.

¦ 


National Bank Limited as a tradition of patronizing and sponsoring sports and

cultural activities of t e aountry. m e "National Bank Volleyball league -2007" was

arranged under t e patronization of t e Bank. It as also arranged annual picnics as

a means of recreation for its executives, officers and staff.

’



National Bank Limited Foundation was establis ed in 1989 for fulfilling

responsibilities of societal welfare.It as been running t e National Bank public

c ool and aollage in Mog bazar, D aka. In 2008, 53 students appeared at t e a

Examination and among t em, 25 students ac ieved Golden A+ w ile 32 students

appeared at t e H. .a. examination out of w ic 4 students ac ieved Golden A+.

m e bank as been accommodating prospective graduates of recognized universities

for completing t eir interns ip.NBL also awarded stipend and sc olars ip to t e

brilliant c ildren of t e employees of t e bank.

A

  

National Bank Limited always extends its elping ands and stands by t e suffering

and elpless people in times of natural calamities.In 2007, National Bank Limited

donated mk. 40.00 Lac to elp t e victims of flood, mk. 20.00 Lac for relief operation

for landslide victims and mk. 50.00 Lac for ider victims to t e relief fund of t e

a ief advisor and t e Army a ief. m e Bank as also taken a pilot project for post

flood agricultural re abilitation at irajgonj.

On 10t Marc , 2009 a Payment Order for mk.25.00 Lac as been anded over to t e

Hon'ble Prime Minister as a donation/financial assisrance to t e bereaved family

members of t e martyred Army Officers killed in t e BD
carnage eld on 25t

February, 2009.On 1st April, 2009, NBL donated mk. 24.00 Lac to t e Hon'ble Prime

Minister to and over t e same to t e family members of t e martyred Army Officer

w ic will be paid to 5 (five families @ mk. 40,000/ - per mont to eac family for 1

year w ic will continue for 10 years. m us total amount of donation will be mk. 2.40

arore.

D 

National Bank Limited as always maintained t eir corporate social responsibility in

various ways. It as always appreciated various kinds of fair, festivals and ot er

gat erings organized by different private or public sectors.

 

 

 
a

 " 
 " " """"
""a

 " 
 " " "

"a
"   " " 

"  a