Corporate Social Responsibility Activities

Of Agrani Bank Limited

Course Title : Corporate Governance and Social Responsibilities
Course Code : EB-619
 What is Corporate Social Responsibility..?

“Corporate social responsibilities is seriously considering the

impact of company’s actions on society”
Paluszek J L, Business and Society, 1976-2000

“ Management decision and actions taken for reasons at least

partially beyond the organization’s direct interest”
David Keith, Can Business afford to Ignore Social Responsibilities? 1960
Bangladesh Bank’s CSR Guidelines for Commercial
Banks
Financial Inclusion of less privileged population
Reducing carbon footprint
Energy efficient activities
Health and Medical care activities
Promoting environment friendly projects
Disaster Management
Promoting Sports
Protection of Culture and Heritage
Beautification
 About Agrani Bank Limited

Agrani Bank emerged as a nationalized commercial bank in 1972

The bank has 935 outlets in almost all the commercial areas
throughout Bangladesh.
Became Public Limited Company in May 17, 2007
The bank is governed by a Board of Directors consisting of 12
members headed by a Chairman
The Bank is committed to CSR in different sectors.
 Corporate Social Responsibilities Sectors covered
by Agrani Bank Limited:
1. Education
2. Health and Medicare
3. Aid in Natural Disaster
4. Promotion of Art & Culture
5. Promotion of Sports
6. SME Banking
7. Donation in Muktijoddha Jadughor
Sectoral shares of Corporate Social Responsibility Expenditures by
Agrani Bank Limited: 2015-2016

Amount No. of
Rank Nature of Work
(In Lac BDT) beneficiaries
1st Education 344.55 38
2nd Art & Culture 79.46 28
3rd Health 51.81 82
4th Others 43.81 17

5th Muktijoddha Jadughor 30.00 1

6th Sports 20.10 9

7th Natural Disaster 2.00 7
Totals: 571.73 182
CSR Expenditure Statistics by Agrani Bank Limited
 Ethical Values followed by Agrani Bank Limited:

Committed to CSR towards the community

Not to earn excessive profits

To build up a society where human dignity and rights receive the
highest consideration

To improve the society and its culture by means of CSR

Activities should be related to the needs of valued customers,

shareholders, the employees and communities
Unethical Business Practices that the banks should
avoid:

Shadow banking
Moral hazard (“too big to fail”)
Bbundle of products
Unequal priority to customers
Money Laundering
Lack of transparency and resistance to investigation
Distortion of facts to mislead or confuse.
Excessive service charge
Excessive work load to the employees