Corporate Social Responsibility: An Analysis of Romanian Banks

Abstract

The purpose of the study is to analyze the corporate social responsibility (CSR) activities carried out by some of the Romanian banks. The study is based on the secondary data taken from the annual reports of the banks. The analysis includes the following variables: education, culture, environment and social. The results show that though the Romanian banks are making efforts in the CSR areas but still there is a requirement of more emphasis on CSR. The private sector banks have overall highest contribution in CSR activities. Public sector banks and foreign banks are still lagging in this area. The study has a scope of further research where the CSR performance of banks can be related to financial performance of the banks.