Social Responsibility of Dutch Bangla Bank

Executive Summary

With the focus of providing one counter service to clients, Dutch Bangla Bank Limited (DBBL) has its journey. Dutch-Bangla Bank is a second generation commercial private Bank. Dutch Bangla Bank supports social work extensively and is one of the largest private donors in Bangladesh. Under the vision of M Sahabuddin Ahmed, the bank contributes extensively through its foundation Dutch Bangla Bank Foundation. This has been one of the biggest priority for the bank since its inception. As a result the organization has been granted numerous national and international awards for its role in the development of Bangladesh. The Dutch-Bangla Bank Foundation was established under the vision of its founder chairman, M Sahabuddin Ahmed, in order to help the people of Bangladesh.However, the continuous improvement of the services will certainly place the bank in the best position in one decade.

Introduction

Dutch-Bangla Bank Limited (DBBL) is Bangladesh’s most innovative and technologically advanced bank. DBBL stands to give the most innovative and affordable banking products to Bangladesh. Amongst banks, DBBL is the largest donor in to social causes in Bangladesh. It stands as one of the largest private donors involved in improving the country. DBBL is proud to be associated with helping Bangladesh as well as being a leader in the country’s banking sector. Dutch-Bangla Bank dreams of better Bangladesh, where arts and letters, sports and athletics, music and entertainment, science and education, health and hygiene, clean and pollution free environment and above all a society based on morality and ethics make all our lives worth living. DBBL’s essence and ethos rest on a cosmos of creativity and the marvel-magic of a charmed life that abounds with spirit of life and adventures that contributes towards human development. Dutch-Bangla Bank believes in its uncompromising commitment to fulfill its customer needs and satisfaction and to become their first choice in banking. Taking cue from its pool esteemed clientele, Dutch-Bangla Bank intends to pave the way for a new era in banking that upholds and epitomizes its vaunted marquees “Your Trusted Partner”

Background of DBBL

Dutch-Bangla Bank started operation is Bangladesh’s first joint venture bank. The bank was aneffort by local shareholders spearheaded by M Sahabuddin Ahmed (founder chairman) and theDutch company FMO.From the onset, the focus of the bank has been financing high-growth manufacturing industriesin Bangladesh. The rationale being that the manufacturing sector exports Bangladeshi productsworldwide. Thereby financing and concentrating on this sector allows Bangladesh to achieve thedesired growth. DBBL’s other focus is Corporate Social Responsibility (CSR). Even though CSR is now a cliche, DBBL is the pioneer in this sector and termed the contribution simply as ‘socialresponsibility. Due to its investment in this sector, DBBL has become one of the largest donorsand the largest bank donor in Bangladesh. The bank has won numerous international awardsbecause of its unique approach as a socially conscious bank.DBBL was the first bank in Bangladesh to be fully automated. The Electronic-Banking Divisionwas established in 2002 to undertake rapid automation and bring modern banking services intothis field. Full automation was completed in 2003 and hereby introduced plastic money to theBangladeshi masses. DBBL also operates the nation’s largest ATM fleet and in the processdrastically cut consumer costs and fees by 80%. Moreover, DBBL choosing the low profitabilityroute for this sector has surprised many critics. DBBL had pursued the mass automation inBanking as a CSR activity and never intended profitability from this sector. As a result it nowprovides unrivaled banking technology offerings to all its customers. Because of this mindset,most local banks have joined DBBL’s banking infrastructure instead of pursuing their own.Even with a history of hefty technological investments and an even larger donations, consumer and investor confidence has never waned. Dutch-Bangla Bank stock set the record for the highestshare price in the Dhaka Stock Exchange in 2008.After instability and frequent management changes in its initial years, DBBL overcame theseobstacles to establish rapid growth since the year 2000. The bank grew its reputation through 10

social work rather than profits. The bank’s conservative nature, long-term strategies, hefty socialdonations and technology investments have always led to modest but steady profits. DBBL hasbeen known to be overly conservative in its banking practices. Much of the success and strategyhas been attributed to the leadership of the founder chairman, M Sahabuddin Ahmed.Despite being the largest corporate donor in Bangladesh, investor confidence was unhindered. InMarch 2008, DBBL share prices reached Tk. 14325.80 in the Dhaka Stock Exchange, setting therecord for the highest stock price in the history of Bangladesh. It is also one of the few banks thatdoes not participate in merchant/investment banking (which can lead to sporadic growth).Dutch Bangla Bank is noted to be the first and only local bank in Bangladesh to have anautomated banking system. The bank has spent over BDT 2 Billion in automation upgrades (firstbank in Bangladesh to do so). This automation took place in 2003 whereby services of the bank were available uniformly though any branch, ATM and internet. Banking was a paper based untilDBBL, with its wide local network, delivered banking automation and modern banking servicesto the masses. The ATM count stood at 140 eclipsing other networks by a large margin. Thisrapid increase in DBBL’s ATM network has led the majority of other banks to sign sharingagreements instead of pursuing their own ATM network.In 2007 the bank entered a strategic alliance with Citibank NA, where both parties will provideretail banking services of DBBL for its employees and owners of Citibank corporate customersin Bangladesh. In the same year DBBL became the first bank in Bangladesh to offer SMSBanking services.In 2010 most sharing agreements with foreign banks have been abruptly rendered invalid dueVisa card’s new policies enforced upon DBBL. In response to Visa’s decision to terminate itsATM facilities with DBBL, Unionpay approached DBBL to convert all the retail network toaccept Unionpay cards. DBBL and Unionpay have decided for a major nationwide launch tomake Unionpay the single largest card issuer in Bangladesh.

Mission:

Dutch-Bangla Bank engineers enterprise and creativity in business and industry with a commitment to social responsibility. “Profits alone” do not hold a central focus in the Bank’s operation; because “man does not live by bread and butter alone”.

Vision:

Dutch-Bangla Bank dreams of better Bangladesh, where arts and letters, sports and athletics, music and entertainment, science and education, health and hygiene, clean and pollution free environment and above all a society based on morality and ethics make all our lives worth living. DBBL’s essence and ethos rest on a cosmos of creativity and the marvel- magic of a charmed life that abounds with spirit of life and adventures that contributes towards human development.

Core-objectives:

Dutch-Bangla Bank believes in its uncompromising commitment to fulfill its customer
needs and satisfaction and to become their first choice in banking. Taking cue from its pool
esteemed clientele, Dutch-Bangla Bank intends to pave the way for a new era in banking that
upholds and epitomizes its vaunted marquees “Your Trusted Partner

Objectives

Primary Objective

The primary objective is to know about DBBL, its history, its products and different social responsibility in Bangladesh, the social activities of the different departments of HSBC in Bangladesh. The practical experiences which we have gained during our report period have broadened our objective to go further and prepare a report on the CSR activities of DBBL of Bangladesh.

Specific Objective

Specific Objective of the term paper is:

• To find out .the activities are helping the society as a whole.

• To create recommendations.

Views of Social Responsibility

There are two views of social responsibility. Those are

• The Classical View

• The Socioeconomic view

The Classical View

The view that management only responsibility is to maximize profits. Some big companies such

as Beximco Group, Abul Khair Group don’t contribute broadly in corporate social responsibility.

The Socioeconomic View

This is the modern views of today’s global business of economy. In this view management’s social responsibility goes beyond making profit to include protecting and improving society’s welfare. Some companies such as Abdul Monem Limited, Unilever, Dutch Bangla Bank etc. spends huge amount of money for the society.

Why are we choosing Dutch-Bangla bank (DBBL):

Corporate Social Responsibility:

Definitely social responsibility includes the responsibility of social people, groups, societies, and business organization. Here raises the question: why is there more interest in, and debate about the social responsibility of business and than about the social responsibility of the other institutions? It is of course legitimate to raise the issue of social responsibility of business. But we hear rather less about the social responsibility of, say, the churches, the media, trade unions, the professions, universities, or even the government. When people collectively organize themselves in organizations of one kind or another, do those impersonal legal entities really acquire social responsibilities, which differ from those of other collective entities?

Many people are uneasy about the profit motive, suspecting that profits emerge only from exploitation. They fear that free enterprise encourages greed and selfishness. They are reluctant to accept the logic of Adam Smith’s famous theory of invisible hand, which holds that business people the general interest more effectively by pursuing their own interests than by directly trying to ‘do good’. I suggest that, this is why we are here little about the social responsibilities of churches, charities and so on. Business, in contrast, is assumed to have a problem about its social responsibilities because it is driven by profit-motives.

So it can be said that, Corporate Social Responsibility (CSR) means that companies integrate social and environmental concerns in their business operations and in their interaction with business relevant groups on a voluntary basis.

In general, CSR is characterized by the following aspects:

• Responsible entrepreneurship

• Voluntary initiatives going beyond legislative requirements and contractual obligations

• Activities to benefit the employees, business relevant groups (including the society as

such) or the environment

• With a positive contribution to the individual target group while minimizing negative

effects on other (including environment)

• Regular activities rather than one-time-events (i.e. related to business strategy vs. ad hoc)

CSR is not only about fulfilling a duty to society; it should also bring competitive advantage.

Through an effective CSR program, companies can:

• Improve access to capital

• Sharpen decision-making and reduce risk

• Enhance brand image

• Uncover previously hidden commercial opportunities, including new markets

• Reduce costs

• Attract, retain and motivate employees

Social Responsibilities and Economic performance

The ethos of DBBL for pursuing its activities in social arena has got further momentum with your enthusiasm and support. Dutch-Bangla Bank Foundation (DBBF) is consistently pursuing its objective of being active in those social areas where it is needed most. The Foundation carries out diverse social and philanthropic activities in the field of education, health, conservation of nature, creation of social awareness, rehabilitation of distressed people and such other programs to redress human sufferings. It also promotes different socio-cultural and sports activities. Board of Directors in order to discharge its corporate social responsibilities in a greater perspective continued its contribution amounting to 5.00% of Bank’s profit after charging loan loss provision
to Dutch-Bangla Bank Foundation (DBBF).DBBL is socially responsible in various says. It is helping the society in the following ways:

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Health

DBBL distributes the Treatment Cards to 50 HIV/AIDS positive patients

HIV/AIDS Assistance ProgramSmile Brighter Program/Support to ACID & Dowry Victims
Vesico Vaginal Fistula (V.V.F) operation to improve women reproductive health
DBBL donates a DNA detection machine to Bangabandhu Sheikh Mujib Medical University
DBBL has donated an amount of Tk. 9.36 core to Diabetic Association of Bangladesh
DBBL stands by disabled and underprivileged children
DBBL has donated an Endoscope machine to National Medical College & Hospital
DBBL Smile-Brighter program starts in Dhaka City
DBBL provides medical supports to HIV/AIDS patients
DBBL has organized a 4 day-long plastic surgery operation in Faridpur

DBBL distributes the Treatment Cards to 50 HIV/AIDS positive patients

As a part of Corporate Social Responsibility, Dutch-Bangla Bank Limited has been extending medical facilities and other support to 50 HIV positive patients since 2004. In continuation of this program, DBBL organized a “Treatment Card” distribution program among the HIV positive patients on June11, 2007 in Hotel Purbani International, Dilkusha, and Dhaka. Major General (Rtd.) Dr. ASM Matiur Rahman, Honorable Advisor, Ministry of Health & Social Welfare, Water Resources and Religious Affairs, Govt. of the People’s Republic of Bangladesh was present as the chief guest and distributed the Treatment Cards to 50 HIV/AIDS positive patients while Mr. Md. Yeasin Ali, Managing Director of the bank presided over the function. WProfessor Nazrul Islam, Head of Virology Department, Bangabandhu Sheikh Mujib Medical University (BSMMU) and Dr. Md. Shahzahan Biswas, Director General (Health Services), Health Directorate were present as special guests. Among others, Mr. K. S. Tabrez, Deputy

Managing Director (Administration), Mr. Ghulam Kabir, Deputy Managing Director (Operation) and Senior Executives of the bank were also present at the function.

DBBL donates a DNA detection machine to Bangabandhu Sheikh Mujib Medical University:

Dutch-Bangla Bank Limited (DBBL) donated a DNA detection machine at a cost of Tk. 50.00 lack to Bangabandhu SheikhMujibMedicalUniversity for setting-up a Genetic Laboratory to prevent Thalassemia Syndrome in the country. The Chairman of Dutch-Bangla Bank Foundation Mr. M. Shahabuddin Ahmed unveiled the plaque of the Genetic Laboratory at Pediatric Hematology & Oncology Department of Bangabandhu Sheikh mujib MedicalUniversity on June 03, 2006.

DBBL has donated an amount of Tk. 9.36 core to Diabetic Association of Bangladesh

As a part of Corporate Social Responsibility, Dutch-BangIa Bank Limited has donated an amount of Tk. 9.36 core to Diabetic Association of Bangladesh Mr. M. Saifur Rahman, Honorable Minister for Finance & Planning, Government of the People’s Republic of Bangladesh was present as the Chief Guest and handed over the Letter of Commitment of DBBL to Professor A.K. Azad Khan, Secretary General of Diabetic Association of Bangladesh for modernization and expansion of lbrahim Cardiac Hospital & Research Institute at a simple ceremony held at Dhaka Sheraton Hotel on September 24, 2006. Dr. Salehuddin Ahmed, Governor, Bangladesh Bank and Md. Yeasin Ali, Managing Director of Dutch-Bangla Bank Limited were present at the function.

DBBL stands by disabled and underprivileged children

Dutch-Bangla Bank Limited has extended financial assistance amounting to Tk. 18.5 lack to 17 NGOs engaged in rehabilitation of the disabled children of Bangladesh. Mr. Md. Yeasin Ali, Managing Director of the bank handed over the payment orders to the representatives of the organizations at a simple ceremony held at the Bank’s Training Institute on June 05, 2006.

DBBL has donated an Endoscope machine to National Medical College & Hospital

Dutch-Bangla Bank Limited (DBBL) donated Tk. 15.00 lack for purchasing a Video Endoscope Machine to National Medical College & Hospital. Mayor of Dhaka City Corporation Mr. Sadek Hossain, MP, received a payment order of Tk. 15,00 lack in favor of National Medical College & Hospital from Mr. Md. Yeasin Ali, Managing Director of Dutch-Bangla Bank Limited at a simple ceremony held at NationalMedicalcollegeHospital on June 10, 2006.

DBBL Smile-Brighter program starts in Dhaka City

Under the DBBL “Smile-Brighter” program, Dutch-Bangla Bank has organized a plastic surgery operation campaign at bank’s own cost in DhakaCity for the poor cleft-lipped boys and girls to bring back the endearing smile on their faces. The 4 day –long operation campaign started at SouthViewHospital at Mirpur of the city on June 11, 2006 and will continue till June 14, 2006. A plastic surgery team consisting of eight members headed by eminent plastic surgeon Dr. A. J. M. Salek has been conducting the operation.

DBBL provides medical supports to HIV/AIDS patients

Dutch-Bangla Bank Limited organized a program for providing medical supports to the HIV positive patients at Hotel Purbani International, Dilkusha, and Dhaka on June 22, 2006. Major General (Rtd.) Dr. ASM Motiur Rahman, Chairman, Technical Sub Committee, National AIDS Committee was present as the chief guest and distributed the Treatment Cards to 50 HIV/AIDS positive patients while Mr. Md. Yeasin Ali, Managing Director of the bank presided over of APON – a volunteer organization working with addicted street children of the country the function. Brother Ronald Drahozal, CSC, Executive director also spoke as Special Guest

DBBL has organized a 4 day-long plastic surgery operation in Faridpur

Under the DBBL Smile-Brighter Program, Dutch-BangIa Bank Limited organized a 4 day-Iong plastic surgery operation, during September 06 – 09, 2006 in Faridpur for the poor cleft-lipped boys and girls at the bank’s own cost to bring back enduring smile on their faces. The operations were performed at FaridpurDiabeticAssociationHospital by a surgery team header by eminent plastic surgeon Prof Dr. A.J.M. Salek. Managing Director of the Bank Mr. Md Yeasin Ali and Medical Consultant of Dutch-Bangla Bank Limited Dr. Mozammel Hossain Khan are seen to visit two cleft-lipped patients just after operation.

Education

DBBL has awarded scholarship to 200 meritorious and needy students
Scholarship program for the meritorious and needy students
Blind Education and Rehabilitation Organization (BERDO)
DBBL donates books for Bangabandhu Sheikh Mujib Medical University
DBBL has donated a Pick-up Van to Bangladesh Agricultural University
DBBL has donated books for Dhaka University Central Library
DBBL awards scholarships to the meritorious and needy Students
International Mathematical Olympiad-2006
DBBL has awarded scholarship to 200 meritorious and needy students

DBBL has awarded scholarship to 200 meritorious and needy students

Under the DBBL-Scholarship Program, Dutch-Bangla Bank Limited awarded scholarship to 200 meritorious and needy students including 10 physically challenged students who passed HSC Examination in 2006 and studying at graduate level in different universities/colleges of the country. Dr. A. B. Mirza Md. Azizul Islam, Honorable Adviser, Ministry of Finance, Planning, Commerce and Post & Telecommunication, Govt. of the People’s Republic of Bangladesh was present as the Chief Guest and gave away the Scholarship Awarding Letters to the recipients at a simple ceremony held at Osmani Memorial Auditorium, Dhaka on June 17, 2007. Mr. Md. Yeasin Ali, Managing Director of Dutch-Bangla Bank Limited presided over the function. The Chief Guest, Managing Director and Additional Managing Director Mr. AHM Nazmul Quadir are seen with the scholarship awardees in the picture.

DBBL donates books for Bangabandhu Sheikh Mujib Medical University

Dutch-Bangla Bank Limited (DBBL) donated Tk. 15.00 lack for purchasing academic reference books for Bangabandhu Sheikh Mujib Medical University (BSMMU). The Managing Director of Dutch-Bangla Bank Limited Mr. Md. Yeasin Ali handed over a payment order of Tk. 15.00 lack to Professor M. A. Hadi, Vice Chancellor of BSMMU held on June 8, 2006 at the latter’s office in a simple ceremony

DBBL has donated a Pick-up Van to Bangladesh Agricultural University

Dutch-Bangla Bank Limited has donated a Toyota Hi-Lux Pick-up Van to the Department of Crop Botany of Bangladesh Agricultural University (BAU). Mr. Md. Yeasin Ali, Managing Director of the bank handed over the Key of Pick-up van to Professor M. Amirul Islam, Vice Chancellor of BAU at a simple ceremony held at Bank’s Head Office, Dhaka on June 7, 2006.

DBBL has donated books for Dhaka University Central Library:

Under the DBBL-Scholarship Program, Dutch-Bangla Bank Limited awarded scholarship to 150 meritorious and needy students including 6 Blind students who passed HSC Examination in 2005 and studying at graduate level in different Universities/Colleges of the country. Dr. Fakhruddin Ahmed, Managing Director, Palli Karma Sahayok.

Foundation (PKSF) was present as the Chief Guest and gave away the

Scholarship Awarding Letters to the recipients at a simple ceremony held at Osmani Memorial Auditorium, Dhaka on June 27, 2006. Mr.Md. Yeasin Ali, Managing Director

Of Dutch-Bangla Bank Limited presided over the function.

International Mathematical Olympiad-2006

Dutch-Bangla Bank – Prothom Alo and Bangladesh Mathematical Olympiad (BMO) committee jointly organized the International Mathematical Olympiad-2006 on July 8, 2006. Managing Director of Dutch-Bangla Bank Md Yeasin Ali speaks at a reception ceremony for the Bangladesh team members who will take part in the 47th International Mathematical Olympiad. General Secretary of BMO committee Munir Hasan, Vice President Prof. Dr. Zafar Iqbal, Joint Editor of Prothom Alo Abdul Quaiyum and presents of the contestants were present on the occasion.

Information Technology

Dutch-Bangla Bank Limited (DBBL) undertakes a project with BASIS (Bangladesh Association of Software and Information Services) to award the best IT uses by Bangladeshi companies.

DBBL and BASIS organized IT award-giving ceremony in this regard. The award Ceremony was held on 30th November 2005, which was the day before last day of BASIS SOFfEXP02005 (November 27-December 01, 2005). This was a gala evening (with dinner and cultural program) attended by around 700 dignitaries including government high officials & policy makers, corporate heads, representatives from development agencies, IT policy makers, academicians and the IT industry members.

In this regards, DBBL’s contribution in supporting this event was 50% of the estimated cost with Tk. 6.25 Lac.

Disaster

DBBL has donated Tk. 25 lack for the victims of devastating landslides in Chittagong Mr. Md. Yeasin Ali, Managing Director of the Bank handed over a Payment Order of Tk. 25.00 lack (Taka Twenty Five Lac) to the Honorable Adviser Major General (Rtd.) M. A. Matin at Chittagong Circuit House on June 13, 2007 for victims due to a devastating landslides following torrential rains lashed down in Chittagong city and its adjacent areas.

DBBL donates 130 bundles of GCI sheets to Noakhali District

Dutch-Bangla Bank Limited (DBBL) donated 130 bundles of GCI sheets worth Tk. 5.60 lack for rehabilitating the homeless people affected by river-erosion of Ramgoti Upazila under Noakhali District on August 14, 2005.

DBBL donates 700 bundles of high grade GCI sheets to Gaibandha and Rangpur districts

Dutch-Bangla Bank Limited donated 700 bundles of high grade GCI sheets worth of Tk. 29.00 lack for rehabilitating the standard people of the four Upazilas of Gaibandha and Rangpur districts. Dr. Mozammel Hossain Khan, Co-ordination, DBBL is seen handing over GCI sheets to Mr. Tapan Chandra Mazumdar, Deputy Commissioner of Gaibandha district.

Donation:

Donation to different organization

a. Tk.4 core for setting up a modem cancer hospital to Ahsania Mission Cancer Society. b. Tk.1 core for setting up a modern cancer hospital to Bangladesh Cancer Society.

c. Tk.1.20 core for setting up a pediatric hospital to provide service to low income people whose 30% will be free and rest will be at low cost.

d. Tk.90 lack to kidney foundation for setting up Operation Theater.

Beside this DBBF also provides financial aid with different organizations that engages relentlessly to work with destitute women and children. Very recently DBBF has donated Tk. 15, 00,000/= to Rotary Club of Metropolitan Dhaka to purchase a modern equipment for the hearing impaired children. In 2003 approximately Tk.12, 10,986 (taka twelve lack ten thousand nine hundred eighty six) only and in 2004 approximately Tk40, 51,000.00 (taka forty lack fifty one thousand)only and in 2005 approximately Tk31,55,000 (taka thirty one lack fifty five thousand) only is given as donation to different organization and person to mitigate their purpose.

Diabetic Hospital: DBBL donates Tk.1, 00, 00.00 per month to bear operational expenses of NarayangonjDiabeticHospital since October, 2001.

Rural Health Care: DBBL has established RuralHealthCenter at its rural branches to render free medical services to the rural and destitute people of the adjoining areas.

On the other hand, the need base donations and subscriptions are extended to those areas, where it is needed most. Some of the activities in this category are:

1. Tk.40, 000,000.00 (Taka forty million) to Dhaka Ahsania Mission to set up a AhsaniaMissionCancerHospital

2. Tk.10, 000,000.00 (Taka ten million) to Bangladesh Cancer Society to set up a modern cancer hospital.

3. Tk.12, 000,000.00 (Taka twelve million) to Shishu Sasthya Foundation to construct two floors of proposed 15 storied building of the Foundation.

4. Tk.9,000,000.00 (Taka Nine million) to Kidney Foundation to setup two operation theatres and a kidney transplantation ICU with a view to provide low cost services to poor kidney patients.

5. TK.1, 500,000.00(Taka one million five hundred thousand) to Rotary Club of Metropolitan, Dhaka to help the disadvantaged children with hearing impairment.

6. Tk.500, 000.00 (Taka Five hundred thousand) to Md. Atiqur Rahman Hridoy, a meritorious student of BUET who has been suffering from Blood Cancer.

7. Tk.100, 000.00 (Taka one hundred thousand) to Md. Mokhlesur Rahman, a meritorious student of Economics Department of Dhaka University who has been suffering from Hepatities-B.

8. Tk.350, 000.00 (Taka Three hundred Fifty Thousand) to Bangladesh Neonatal Forum for improving neonatal health as well as reducing neonatal Mortality rate in Bangladesh.

9. Tk.350, 000.00 (Taka Three hundred Fifty Thousand) donated for sinking 25 shallow tubewells in 25 spots of Angorpota Dahagram enclaves.

10. Tk.300, 000.00 (Taka Three hundred thousand) to Saleh Child Development Disability Management Centre to provide support to the mentaly retarded and disabled children.Tk300, 000.00 (Taka Three hundred thousand) to Bangladesh Thalassaemia Hospital to setup modern equipments for reducing sufferings of poor Thalassaemic patients.Tk.200, 000.00 (Taka Two hundred thousand) to Health Promotion Limited for setting up private Chamber for Community Maternity Practitioner (CMP) Students.

11 Tk.180, 000.00 (Taka One hundred Eighty Thousand) to Nirapad Sarak Chai for helping 12 families, victims of road accidents

12. Tk. 150,000.00 (Taka One hundred Fifty Thousand) only to APON for organizing a training program on Therapeutic Community.

13. Tk.100, 000.00 (Taka One hundred thousand) only to Society for the Welfare of the 14.Intellectually Disabled, Bangladesh for training and rehabilitation of the mentally retarded and disabled children.

15. Tk.100, 000.00 (Taka One hundred thousand) to SIED TRUST, Bangladesh for rehabilitation of underprivileged intellectually disabled children.

16. Tk.100, 000.00 (Taka One hundred thousand) to Street Children Partner Bangladesh to develop the condition of street children.

17. Tk.100, 000.00 (Taka One hundred thousand) to EKMATTRA for making a short length feature film named “Je Shohor Chorabali.

DBBL has donated G.C.I. sheets among the victims of river erosion and tornado affected people of Bogra, B. Baria, Netrokona, Mymensingh, Gaibandha, Rangpur and Ramgoti at a cost of Tk. 10 million.

DBBL has distributed blankets among the cold affected people of the country. So far the bank has distributed 1, 50,000 pieces of blankets at a cost of Tk. 37.50 million.

The DBBF has very recently chalked out an elaborate program to undertake few more programs. Such as- Donation of books to the library of different Universities, Donation of a DNA detection machine to Bangabandhu Sheikh Mujib Medical University (BSMMU) for preventing Thelasaemia, Repair of Prolapse uterus / V.V.F., Repair of club foot, Prevention of Drug Abuse etc. We hope with the blessings of Almighty Allah, DBBF shall continue all such altruistic activities for betterment of the society, which we all belong to.

DBBL donated a roundtrip air ticket to a physically handicapped employee of BRAC Dutch-Bangia Bank Limited (DBBL) donated a roundtrip air ticket (Dhaka-Bangkok-Stockholm-Bangkok-Dhaka) to Ms. Sharmin Akbari – a physically handicapped employee of BRAC for pursuing higher studies in Public Health in Sweden. The Managing Director of Dutch-Bangia Bank Limited Mr. Md. Yeasin Ali is seen handing over the air ticket to Ms. Sharmin Akbari at a simple ceremony held at Bank’s Head Office recently.

DBBL has donated two modern ambulances to Anjuman Mufidul Islam

Dutch-Bangla Bank Limited (DBBL) has donated two modern ambulances imported from Japan to Anjuman Mufidul Islam.

DBBL Recognition

DBBL has received Asian CSR Award-2005

Dutch-Bangla Bank Limited has won Asian CSR Award-2005 for its outstanding program on Corporate Social Responsibility (CSR). Mr. Yeasin Ali, Managing Director, DBBL is seen receiving Asian CSR Award-2005 from the Chief Guest, Dr. Juwono Sundarsono, the Honorable Minister for Defense, the Republic of Indonesia at a ceremony held on September 09, 2005 in Jakarta.

Dutch-Bangla Bank Limited has been again nominated for the Asian CSR Awards 2006. DBBL has decided to participate in the category of

i. EDN- Support and Improvement of Education

ii. POV-Poverty Alleviation

iii. Concern for Health

T h e main strengths, weaknesses, opportunities and threats which are assessed below:

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Recommendation:

Dutch-Bangla Bank now perform their social responsibility in some selected sector. Its have a separatr foundation called Dutch-Bangla Bank foundation. The bank donates mainly towards social awareness programs, medical and educational fields. DBBL also maintains the largest scholarship program in Bangladesh whereby college/university education tuition and expenses are fully paid for unconditionally by the bank. But they can expand their business and broaden their sector of social responsibility by the following terms:

Primary school sector: primary school sector is very backward in our country. DBBL

can nourish their social responsibility in this root sector. They can offer scholarship or patronize this sector and thus country can benefited as well as take a role of social responsibility by this sector.

SME Sector: SME is also a root sector where this bank can apply credit formula or

patronizing this sector. Thus it can probably expand it’s social image. They also can supply credit at a low interest rate that can improve this sector according to it’s social responsibility.

Microcredit sector: microcredit is very popular among root people in our country. The

main advantage of microcredit is that a person can take loan without any security. If DBBL starts to give microcredit than it will help the people a lot. On the other hand it will increase the social image of DBB

Opinion or Suggestion

Do not disclose the secrecy of account and financial information.

Create a legal environment congenial to loan recovery.

Loans collection and provides by the ethical aspect.

Proper security of invoice.

DBBL can try to promote social duties in our society, civic sense seems to be rear in our cities and this would be highly appreciated

Proper evaluation of invoice to cash trait of sales ledger.

Appropriate and enforceable documentation (factoring agreement, demand promissory note, directors personal guarantees, power of attorney etc)

Recommend recourse to client or enforcement of security for recovery of bad depts…

DBBL, being a large organization, could try to influence other organizations by proving themselves as dedicated to CSR and still being better than their competitors in terms of financial performance.

Environment protection

Employ

CONCLUSION:

As a third world country Bangladesh has lot of problems. Government often find themselves helpless when it comes to solving of these problems. As business owners of this country are considered as a part of the affluent section of the society they can contribute more meaningfully towards of the betterment of the society. If more company came forward to contribute to the society like DBBL, it will help to create their social branding as well as helping the society. So we can say DBBL is a pioneer in Corporate Social Responsibility in our country.