Corporate Social Responsibility

As a leading and highly respected good corporate citizen in Malawi, National Bank of Malawi will actively participate in deserving charitable and social activities.

Objectives

To demonstrate leadership as one of Malawi’s elite citizens.
To occupy a prominent position in Corporate Social Responsibility activities so as to gain a lot of goodwill toward us within the market in which we operate
To reduce the suffering, of the less fortunate people amongst us
To contribute to the social and economic development
To maximize the Bank’s visibility in the market.

Focus

To assist/promote development in the following sectors:

Charity
Community Projects
Education
Environment
Health
Natural disasters

Policy

To make donations up to the level of 1% of the after tax profit on an annual basis.
To assist those less fortunate members of the communities within which we operate as a business.
To seek positive publicity for all our donations. To show that we are proud of our charitable work and should actively seek to maximize the goodwill engendered by it.
The level of donations to be determined by the Bank’s performance in the prior year and the performance projected for the future.
As a general rule, Government sponsored projects are not to be recipients of our support. Preference being given to Non-Governmental organizations with a proven track record.
Preference will be given to charities working to assist the local populations and in support national aspirations
Exceptionally, the Bank may consider donations to Government if a major disaster occurs e.g. floods, earthquakes, major droughts causing food shortages, major road, air, sea and rail crashes etc.
Management is to factor the donation amount into the annual budget for formal approval.
In the event of a major disaster the Board may consider a special donation. On such occasions, the donation is to be presented by the Board Chairman or a nominated Board Member if the amount donated exceeds MK5 million.
Donations are not to be made to political parties and their associated groups.
Individual donations will be subject to the approval process as spelled out in the Schedule of Authorities from time to time.
Beneficiaries to register with Malawi Revenue Authority so that donations are allowable for tax purposes.

BUSINESS JUSTIFICATION

Charity

Gain goodwill for National Bank of Malawi in the community, which comprises the bank’s stakeholders. Some charities and NGO’s could be obliged to open accounts with us for their day to day dealings.

Education

Building tomorrow’s customers. They will probably recall our charitable actions.

Health

Healthy people are productive hence they are likely to participate in the process of building a healthy nation. To this effect the bank’s policy on HIV/AIDS in the work place and the provision of free anti-retroviral drugs will be fully supported in order to improve the health of our staff and their spouses.

Environment

The effects of damaged and degradedenvironment is negatively affecting all business in general and our business as well through increased operating costs. Therefore, it is our belief that the Malawi population can be empowered if the environment is properly managed and protected.

Natural Disasters

We will seek to demonstrate empathy with our communities by indicating, in a practical way, that the bank will support them in time of need.