Corporate Social Responsibility
For some years MCB dedicated an amount equivalent to 1% of pre-tax profits to Corporate Social Responsibility (CSR) activities, a ratio that it increased in 2008 to 2% of book profit derived during the preceding year. In April 2008 the bank launched an ‘Appel à Projets’, inviting non-governmental organisations (NGOs) and individuals supported by NGOs to submit projects for consideration for funding. During the fiscal year ending June 2009, the bank spent Rs 30 million on 79 projects. Then in September 2010 MCB formally launched the MCB Forward Foundation, which would develop and support sustainable initiatives for the social, environmental and economic well-being of the community.
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