Andrew
Online Reporter
Stanbic Bank Zimbabwe has been awarded the Best Corporate Social Responsibility (CSR) Initiatives in Zimbabwe 2022 by world renowned online and print magazine Global Banking and Finance Review.
The award was reportedly for well thought-out CSR initiatives undertaken last year, which cover health and sanitation, education and environment.
Global Banking and Finance Review Magazine said the awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the global finance community.
“The awards were created to recognise companies of all sizes, which are prominent in particular areas of expertise and excellence with the financial world,” said the magazine.
Launched in 2011, the awards have grown to include banking, foreign exchange, insurance, hedge funds, pension funds, compliance and advisory, corporate governance, brokerage and exchanges, project finance, binary options, investment management, technology, asset and wealth management, islamic finance, exchange traded funds, real estate, CSR and other areas.
In November, Stanbic Bank donated a US$15 000 haemodialysis machine to Gwanda Provincial Hospital in Matabeleland South.
The machine helps prolong life when kidneys would have failed due to diseases such as hypertension, diabetes, mellitus HIV, and malaria, among others.
Other beneficiaries of Stanbic Bank’s CSR initiatives in 2021 include the Cancer Association of Zimbabwe (CAZ), whose members received US$20 000 for purchase of chemotherapy drugs, and the Albino Charity Organisation of Zimbabwe (ALCOZ), which received a variety of sun protection items such as lip balms, lotions, sun hats among others at a total cost of $3,5 million.
Global Banking and Finance Review is read in 200 different countries.
Other winning financial institutions were drawn from countries such as Egypt, Tunisia, Cape Verde, Myanmar, Europe, United Kingdom, South East Asia and China.
Bongani Ndlovu
Online Reporter