ASSESMENT OF CORPORATE SOCIAL RESPONSIBILITY PRACTICES IN THE CASE OF HIBRET BANK S.C

Abstract

Corporate social responsibility in economic systems plays the basic role in the economy of developed countries. The rational of this study was to explain the fundamental theories behind of corporate social responsibility and the implications that the idea of social responsibility had on employees and the public as a whole. The objective of this study was to assessment of corporate social responsibility practices In Ethiopian banking sector in case of Hibret bank S.C. The data was analyzed descriptive statistics technique. The study concluded by highlighting the minimum involvement of the bank in community activities and the need for the existence of access to financial products and services by the bank in helping disadvantaged group of the society& based on this how the communities perceive this social responsibility of the banks. The information collected through questionnaires was collected from population size of the staff above 4,000 and customer around 1.5 million, sample size 100 randomly selected using Purposive/Judgmental Sampling technic. The data gathered from HO Management staffs, branch staffs and customers of Hibret bank S.C. The empirical study least existence of Socially responsible actions rather than fulfilling the minimum requirements by the law, the non-existence of credit access by the bank to disadvantaged social groups, the banks good commitment in full and timely payment of tax obligations and the bank’s good stand in fulfilling some of the components of economic responsibility are among the major findings of the study. Finally, the study recommends the bank to enhance its community involvement activities and it should be the added role of the bank, the government and the public to help them get small amount and observe the welcoming of the community.