Corporate Social Responsibility of Banking Sector in Bangladesh

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Assignment
on
Corporate social responsibility of banking sector in Bangladesh.

Submitted To:
Rubina Afroz
Lecturer
ASA University Bangladesh

Submitted By:
Kedar Nath Roy
091-12-0203
BBA 6th batch
Section FIN 6B
ASA University Bangladesh

Date of submission: 24th June, 2012

Executive Summary
banks are paying more to their CSR activities but not so much as their earnings increases. Common CSR practices in Bangladesh by different organization are centered on mainly poverty alleviation, healthcare, education, charity activities, cultural enrichment, youth development, women empowerment, patronizing sports and music etc. The commercial banking system dominates Bangladesh's financial sector. Bangladesh Bank is the Central Bank of Bangladesh and the chief regulatory authority in the sector. The banking system is composed of four state owned commercial banks, five specialized development banks, thirty private commercial Banks and nine foreign commercial banks. The Nobel-prize winning Grameen Bank is a specialized micro-finance institution, which revolutionized the concept of micro-credit and contributed greatly towards poverty reduction and the empowerment of women in Bangladesh.

BANKING SECTOR IN BANGLADESH AND CSR PRACTICE

1.1 Banking Sector of Bangladesh

The commercial banking system dominates Bangladesh's financial sector. Bangladesh Bank is the Central Bank of Bangladesh and the chief regulatory authority in the sector. The banking system is composed of four state-owned commercial banks, five specialized development banks, thirty private commercial Banks and nine foreign commercial banks. The Nobel-prize winning Grameen Bank is a specialized micro-finance institution, which revolutionized the concept of micro-credit and contributed greatly towards poverty reduction and the empowerment of women in Bangladesh. Central Bank

•    Bangladesh Bank
Pursuant to Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka branch of the State Bank of Pakistan as the central bank of the country, and named it Bangladesh Bank with retrospective effect from 16 December 1971.

State-owned Commercial Banks
The banking system of Bangladesh is dominated by the 4 Nationalized Commercial Banks, which together controlled more than 54% of deposits and operated 3388 branches (54% of the total). The nationalized commercial banks are: •    Sonali Bank Limited

•    Janata Bank Limited
•    Agrani Bank Limited
•    Rupali Bank Limited

Private Commercial Banks
Private Banks are the highest growth sector due to the dismal performances of government banks (above). They tend to offer better service and products. •    AB Bank Limited
•    BRAC Bank Limited
•    Eastern Bank Limited
•    Dutch Bangla Bank Limited
•    Dhaka Bank Limited
•    Islami Bank Bangladesh Ltd
•    Pubali Bank Limited
•    Uttara Bank Limited
•    IFIC Bank Limited
•    National Bank Limited
•    The City Bank Limited
•    United Commercial Bank Limited
•    NCC Bank Limited
•    Prime Bank Limited
•    SouthEast Bank Limited
•    Al-Arafah Islami Bank Limited
•    Social Islami Bank Limited
•    Standard Bank Limited
•    One Bank Limited
•    Exim Bank Limited
•    Mercantile Bank Limited
•    Bangladesh Commerce Bank Limited
•    Mutual Trust Bank Limited
•    First Security Islami Bank Limited
•    The Premier Bank Limited
•    Bank Asia Limited
•    Trust Bank Limited
•    Shahjalal Islami Bank Limited
•    Jamuna Bank Limited
•    ICB Islami Bank

Foreign Commercial Banks
•    Citibank na
•    HSBC
•    Standard Chartered Bank
•    Commercial Bank of Ceylon
•    State Bank of India
•    Habib Bank
•    National Bank of Pakistan
•    Woori Bank
•    Bank Alfalah

Specialized Development Banks
Out of the specialized banks, two (Bangladesh Krishi Bank and Rajshahi Krishi Unnayan Bank) were created to meet the credit needs of the...
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