Bank honours social responsibility

In living up to its corporate social responsibility (CSR) Standard Bank Namibia will invest N$4 million to charity organisations this year as announced during the launch of the bank’s CSI Report of 2013 on  Thursday in Windhoek.
Herbert Maier, Standard Bank Namibia’s Board Chairman said in his welcoming remarks that he is particularly happy that like all the other years they have received positive feedback from their CSI beneficiaries and that the launch has become a very important event in their business calendar as they strive to make a positive difference in the lives of those in need.

Chief Executive of Standard Bank, Junius Mungunda, said that Standard Bank pledges 1% of net profit generated by its business operation to CSI initiatives, the strategic focus of the bank’s CSI program is on education, entrepreneurship development, heal and wellness.
“We aim to establish and foster relations with beneficiaries that goes beyond once-off donations so as to have greater impact and sustainability,” added Mungunda.
Professor Peter H. Katjavivi, Chairperson of the Namibia Red Cross Society (NRCS) Governing Board one of the 5 beneficiaries thanked Standard Bank and said that the support has enabled the NRCS to address the basic need of the affected communities by purchasing supplies such as tents, mosquito nets, water purification tablets and construction materials for pit latrines in the relocation camps.
The 5 charities that will benefit from the CSI fund are Namibia Red Cross Society, San Development Trust, Shelters Katima Mulilo, Financial Literacy Initiative and the Forum for African Women Educationalist in Namibia.