EXIM Bank Foundation for CSR Activities

Posted by BankInfo on Fri, Dec 17 2010 06:20 pm

If someone goes to 840 Kazi Para, Rokeya Sharani, Mirpur, Dhaka-1216 s/he will see a 5 storied well decorated building tagged by "EXIM Bank Hospital". This building has been hired by EXIM Bank to set up a hospital dedicated for the welfare of the underprivileged people of the society. That is just a single example of EXIM Bank's charity. Exim bank puts aside at least 2% of their annual profit every year for the foundation to conduct Corporate Social Responsibilities(CSR) activities. The mainstream CSR activities that are carried out through this foundation are:

  • Healthcare service
  • Scholarship program for poor brilliant students
  • Education Promotion Scheme(Interest free loan)
  • Helping people affected by natural calamities
  • Helping people who lives in slums
  • Donation to educational institutions to setup computer lab
  • Beautification of Dhaka City

Healthcare service: A 5 storied building having 10,000 sft floor space at 840 Kazi Para, Rokeya Sarani,Mirpur, Dhaka-1216 has been hired to set up Exim Bank Hospital. The decoration of this hospital is completed. A doctor has been recruited who is working as a resident director of the hospital. Other doctors and hospital staffs have been in the process of selection through recruitment notice already published in the national dailies.

Scholarship program: This is a stipend package for poor and meritorious students that takes care of the beneficiaries throughout their student life. EXIM Bank Scholarship Programme, launched in 2006 with 61 poor and meritorious students selected from different reputed educational institutions of Dhaka City including Govt. Laboratory High School, Viqarunnissa Noon School and College, Dhaka University, BUET, Dhaka Medical College, etc. enrolled as many as 1000 students from around 150 reputed educational institutions across the country by 31 December 2008. They are enrolled in the this programme to be taken care of for their whole educational life subject to their fulfillment of the eligibility criteria that include satisfactory academic results, non-involvement in student politics, financial insolvency etc. So far Tk. 19.3 million has been disbursed as scholarship under this programme.

Education Promotion Scheme(Interest free loan): Under Education Promotion Scheme, interest-free loan is provided for poor and meritorious students to help them bear monthly educational expenditure including academic expenses, food, accommodation, etc. The quard is disbursed to the selected students in monthly installments till their accomplishing the master degree. Under this programme the students are required to repay the amount (only the principal amount) in long-term monthly installments after they have joined a confirmed job accomplishing their education properly. By 31 December 2008, Tk. 19.7 million was sanctioned to take care of around 138 poor and meritorious students from a number of reputed educational institutions like Dhaka University, Chittagong University, Dhaka Medical College, BUET, Bangladesh Agricultural University, Shahjalal University of Science and Technology etc.

Helping people affected by natural calamities: Another vital area they are dealing with as a part of their CSR activities is helping people to survive natural calamities. Under this welfare programme, EXIM Bank provides relief in cash for flood, fire or cyclone victims and cold-stricken people. The aim of these CSR activities is to help the target group to overcome their provisional sufferings and contribute to the socio-economic growth as soon as possible.

Helping people in slum areas: Besides natural calamities, fire breaks out sometimes in slum areas that guts the shanties and renders the affected people totally helpless. In that situation, they help the victims fight against the hard days and return to normal life.

Donation to educational institutions to setup computer lab: Exim Bank has donated to Dhaka University and Chittagong University to set up two computer labs that will help the students of those universities to acquire ICT knowledge. This will certainly help the students to be ready to take the challenges of this competitive information technology based society.

Beautification of Dhaka City: In response to the call of the Dhaka City Corporation, EXIM Bank has been sharing a good portion of the mammoth task of beautifying the capital since 2005. To make the capital a modern city, enriched with adequate urban amenities, EXIM Bank always joins hands with the government.

In brief, EXIM Bank is greatly involved in the social welfares and that is helping our city and country to a great extent. Initiatives like this are welcome by the common people and they expect more Banks to be involved in such activities. If all the corporate organizations work together, they can build a better Bangladesh in near future. EXIM Bank can be a very good example for the others.



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