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Standard Chartered says Mideast lenders should step up CSR activities
- Jordan: Tuesday, April 02 - 2013 at 08:19
Standard Chartered has said financial institutions in the region, especially banks, have to prove that they are both economically and socially useful to continue to have a place in the market, Jordan Times has reported. "Besides their commercial value, they need to have a social purpose such as contributions to support local communities in cooperation with government entities and through consulting with NGOs," the head of regions-Europe, Middle East and Americas corporate affairs at Standard Chartered Bank, Marcus Bailey, told the daily while on a visit to check on the corporate social responsibility programmes of the bank, which has branches in Amman, Irbid, Aqaba and Zarqa.
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