CSR Practices in Private Sector Banking in Bangladesh: A Case Study on National Bank Limited

Abstract

CSR or Corporate Social Responsibility is a process to embrace responsibility for the company's actions and encourage a positive impact through its activities on society. Because of global competitiveness and demand, CSR practices are being implemented in Bangladesh. Banking sectors are holding the foremost position in this connection. The CSR expenditure of all banks in Bangladesh has increased 7.5 times in the last five years. The common CSR activities performed by National Bank Limited mainly include disaster relief distribution, financing in the educational sector, financing in public health sectors, sponsoring sports and arts & cultural activities, etc. Comparing various sectors it is found that NBL has a major contribution in the Public health sector which almost covers 33% of its total contribution. After that, it contributed significantly in the area of Natural disasters (22%) and Education (12%). While in the case of Sports (5%) and Arts & Culture (1%), the NBL contributed a very less amount compared to all other sectors. The analysis clarified that the participation in different areas of CSR activities of National Bank Ltd. is limited but praiseworthy.