Corporate Social Responsibility Practices: A Study on Foreign Commercial Banks in Bangladesh

Nayan Sarker ,Md Masud Rana ,Md Hasibul Islam ,Ruhul Amin

doi:10.7176/ejbm/12-21-16

Abstract

Corporate Social Responsibility (CSR) is an important portion of an enterprise, bank or other industry. Corporate social responsibility increases the growth and success of a firm. Corporate Social Responsibility means responsibility for the people of the society about the country. The development of a society or a country happens only when the financial institutions like the bank of the country properly maintain their corporate social responsibility. Furthermore, there is a positive relationship between corporate social responsibility and customer perceptions towards the corporations. In our paper, we discussed the theoretical framework of the CSR. The theoretical framework includes bright sides of the CSR and limitations of the CSR. We also analyze 5 commercial banks Bank Al- Falah, Habib Bank Ltd., HSBC, Commercial Bank of Ceylon, and Standard Chartered Banks CSR contribution in corporate social responsibility. We compare their contribution in 2018 and 2019 year. We see that some areas of contribution decrease in 2019 as compared to 2018. There is no contribution to infrastructure development. At last, we recommend foreign commercial banks to increase CSR contribution in some specific areas. Keywords: Corporate Social Responsibility, Foreign Commercial Banks, Social Contribution, Welfare. DOI: 10.7176/EJBM/12-21-16 Publication date: July 31 st 2020

Highlights

Corporate social responsibility (CSR) is a broad concept that is highly related to business firms, banking sector, companies and the industry
And Discussion There are many areas included in corporate social responsibility
Corporate social responsibility is the important part of banking sector

Summary

Introduction

Corporate social responsibility (CSR) is a broad concept that is highly related to business firms, banking sector, companies and the industry. Businesses can increase their publicity and benefit from society through CSR programs, social care and volunteer efforts. Corporate Social responsibility is a social and managerial affair where any organization can gain societal and environmental knowledge in their business activities as well as maintain a friendly relationship with the partners. To examine over the year CSR contribution is increase or decrease by foreign commercial banks in Bangladesh. To study the major areas of corporate social responsibility contribution of foreign commercial banks. To suggest some recommendation about contributing sector of foreign commercial banks

Literature Review

Bright Sides of Corporate Social Responsibility

Corporate Social Responsibility of Commercial Banks in Bangladesh

Results And Discussion

Conclusions