GBCSRD Circular Letter No. 10: To include 'corruption prevention activities' in CSR

Expenditures on awareness campaigns or other initiatives by institutions to prevent corruption and promote integrity are recognized as Corporate Social Responsibility (CSR) expenses. Banks and financial institutions are advised to report these specific expenditures under the 'Others' category in the format issued by the Green Banking and CSR Department via Circular Letter No. 06 dated June 10, 2015.

Get BB alerts — same-day email on every new publication.

Green Banking and CSR Department
Bangladesh Bank
Head Office
Dhaka
June 23, 2015
GBCSRD Circular Letter No. 10/2015 Date: ----------------- Ashar 09, 1422

Managing Director / Chief Executive
All Scheduled Banks/Financial Institutions operating in Bangladesh

Dear Sir,

Regarding the inclusion of 'Integrity and Anti-Corruption Prevention' in CSR-related programs.

Attention is drawn to the matter that financial assistance provided by any institution for awareness campaigns or other forms of promotion regarding integrity and anti-corruption prevention measures shall be considered as Corporate Social Responsibility (CSR) expenditure.

It is also advised to you to display such expenditure under the 'Others' section of the format issued by the Green Banking and CSR Department through Circular Letter No. 06 dated June 10, 2015.

Kindly acknowledge receipt.

Yours faithfully,

(Manoj Kumar Biswas)
General Manager
Phone: 9530320

CC: shahid.noronha@bb.org.bd msonpang@bb.org.bd

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works