Asian Accounting and Auditing Advancement, Volume 3, No 1 (2013) Issue 6 ISSN 2218-5666
Copyright © 2012, Asian Business Consortium | 4A Journal Page 8
CSR Practices in Private Sector Banking in
Bangladesh: A Case Study on National Bank Limited
Md. Mustafizur Rahman
1
, Md. Ali Ahsan
2
, Meem Rafiul Hoq
3
, & Md. Mahbub-
Ul-Ahsan Shah
4
1
M.Phil (Fellow), University of Rajshahi, Rajshahi, Bangladesh
2
Lecturer, School of Liberal Arts & Science, UITS, Rajshahi Campus, Rajshahi, Bangladesh
3
Lecturer, School of Business, UITS, Rajshahi Campus, Rajshahi, Bangladesh
4
MBA, Department of Management Studies, University of Rajshahi, Rajshahi, Bangladesh
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 the society. Because of global competitiveness and demand, the
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 been increased 7.5 times in last five years. The
common CSR activities performed by National Bank Limited mainly include
disaster relief distribution, financing in educational sector, financing in
public health sectors, sponsoring in sports and arts & cultural activities etc.
Comparing to various sectors it is found that NBL has major contribution in
Public health sector which almost covers 33% of its total contribution. After
that it contributed significantly in the area of Natural disaster (22%) and
Education (12%). While in case Sports (5%) and Arts & Culture (1%), the
NBL contributed a very less amount comparing to all other sectors. The
analysis clarified that the participation in different areas of CSR activities of
National Bank Ltd. is limited but praiseworthy.
Keyword: Corporate Social Responsibility, Social Performance, Sustainable
Responsible Business.
INTRODUCTION
“Everybody talks about society, but nobody does anything about it”. This very proverb has
lost its cogency today. Organizations‟ CSR approach has eradicated this making them social
responsible one evolving from profit maximizing characteristics. To address the social
problems or the problems of the stakeholders, the business community evolved a new
approach in their business strategies named “Corporate Social Responsibilities (CSR)”. By
definition, CSR is a process with the aim to embrace responsibility for the company's actions and
encourage a positive impact through its activities on the environment, consumers, employees,
communities, stakeholders and all other members of the public sphere who may also be considered as
stakeholders.
1
CSR is also called Corporate Conscience, Corporate Citizenship, Social
Performance, or Sustainable Responsible Business/Responsible Business.
2
Among all the
sectors banking sector is holding the leading position in discharging Corporate Social