COMPANY PROFILE
3.0 INTRODUCTION
This chapter gives an overview about the bank chosen for the study. Firstly the background of the bank is given followed by its mission and vision statements. Moreover some facts and figures of the bank are presented as well some of its main CSR contributions to the society are described and finally a brief description of the brand is given.
3.1 COMPANY BACKGROUND
The Mauritius Commercial Bank (MCB) Ltd started its operations on the 1st September 1838 when a group of traders led by James Blyth saw the need of a new bank in Mauritius. At that time, it was the second bank in Mauritius which eventually expanded its activities all over the island and today, 40 branches are strategically located as the bank leads the retail market.
The MCB is considered as the major pillar of economic development in Mauritius whereby it has always been dedicated towards helping stakeholders with ideas of becoming entrepreneurs and hence, leading to the growth of businesses.
The MCB has put on a great spread to establish its own CSR foundation .In September 2010; the bank launched the MCB Forward
…show more content…
The bank is pleased to be investing in event which matches its values. Their main sponsorship areas are Environment & Sustainable Development, art and culture, education and sport. Some of the main contributions are described below:
3.3.1 PROTECTION OF NATIONAL HERITAGE
The MCB invested in the Blue Perry Museum in order to protect national heritage whereby it has a rich collection of historical documents art work. First, it acquired original plans retracing the conquest of the island, extending to other fields like philately, cartography, art and numismatics. The bank was able to offer every one the chance to discover and appreciate the unique work through the museum.
3.3.2 INITIATIVE 175 – GREEN,
With about $2.5 trillion in assets, JPMorgan Chase is the largest bank holding company in the United States, with more than 5,600 branches in a couple dozen states and is among the nation's top mortgage lenders and credit card issuers. The full-year 2013 net income was $17.9 billion and a $4.35 per share, on revenue of $99.8 billion. In the article, “Corporate Social Responsibility in the Banking Industry: Motives and Financial Performance," the authors investigate the association between corporate social responsibility and financial performance. They discuss the driving motives of banks engaging in corporate social responsibility. The authors believe that strategic choice is the primary motive for banks to engage in corporate social responsibility because the results of the study show that corporate social responsibility positively associates with financial performance, therefore associating the company with corporate social responsibility in order to have an increase in revenue and income.
The objective of this report is to give an overall view on research and analysis to regards of two companies, Wm Morrison Supermarkets Plc and Tesco Plc that I have chosen for. In this report, I will be comparing two companies’ financial analysis based on their comprehensive income and balance sheet for one year; and also will be comparing their generating cash ability, cash management and financial adaptability based on statement of cash flows for the past two year and also determine whether the two companies have the ability to repay their debts to their creditors, generating into cash and going concern which related to finance.
In this study positivism paradigm will be used because it the best method will the quantitative analysis. We will be using questionnaire in our study. The questionnaire includes two parts 1 for the Business ethics and other for the CSR. There are 11 questions on Business ethics and 10 questions on CSR. The questionnaires have been adopted from (Fatoki & Chiliya, 2012). The questinnaire is based on the likert scale as all the values ranges in between 1 to 5. We have used 50 questionnaires in our study and the respondents we have selected are different organizations in the US. There are independent and dependent variables in our study. We will check the relationship ion between the Business ethics and the
The bank failure in Jamaica illustrates how negative mindsets and behaviors can devastate the financial system and disrupt economic growth. The primary role of any bank is to safeguard its customer’s money, offer interest rate on deposits, lend money to creditworthy individuals, and make sound investment decisions to maximize shareholder value. Because of rapid economic growth between the late 1980s and early 1990s in Jamaica, the Central National Bank (CNB) and Worker’s Savings and Loans Bank (WSLB) loosened their monetary policies, provided preferential interest rates and extended credit beyond what was reasonable to members of its own board of directors, managing directors, and officers of the bank. These actions posed significant risks to the bank and its future.
a company which is incorporated in Mauritius or has its Central Management and control in Mauritius
CSR is one of most important parts of every company. Acting as socially responsible is must for winning the race of competition. In this report, in the 1st part I tried to show a brief about CSR, its history and how people respond towards CSR. Then I have chosen Unilever, a famous FMCG company for the analysis. Then I tried to find out the CSR activities of Unilever all over the world, its corporate strategy and the contribution of CSR activities to corporate strategy. In the last part a SWOT analysis and some recommendations are given for more clarifications. I hope that this report will be able to give a clear view about CSR and its contribution to corporate strategy.
As the world has recently passed through the global financial crisis that begun in 2008 in the USA with the banks’ collapsing, analysts are giving different opinions and making new economic hypothesizes about the origin of, as well as the process of different countries escaped from the crisis. Among all these new “theories”, the case of Islamic banks is interesting in terms of its nature and consequences. In my essay, I will try to highlight the basic principles of the Islamic finance, the reasons of the restriction of interest, the most important tools used by Islamic banks in economic activities and brief explanation of them, and finally my view point of the probable future improvement of the Islamic financial system.
The purpose of this document is to describe the nature, purpose and scope of accounting and it deliberately explains the details of each category in accounting. Accounting involves in preparing financial documents of an entity by analyzing, verifying, and reporting this records. It emphasizes its major characteristic role in field of banking and finance, with a mixture of supportive sub topics.
Museum defines as an institution housing collections of objects of artistic, historic, or scientific interest conserved and displayed for the educational and enjoyment of the public. Museums are places of memory that provides the link of distant past to the present generation which also help the society to know the path their forebears trod. The main purpose of museum is neither to educate nor entertain but rather creates a memory bank would remind us of the past. No wonder most societies in different parts of the world traced their origin through the works of arts history. There are many types of museum includes museum of Antiquities-in which are housed ancient pieces of furniture or objects of art such as sculptures, paintings, ceramics, textiles and other crafts. Public record office museum serving as collection centre for famous documents, War museum containing relics of national wars, Maritime museum for maritime history, museum for architecture, with types, structures and styles of building, etc., Museum for Local/Indigenous Technologies, Science Museum, with objects depicting history of science and engineering and Natural History Museum. However, all types of these have their own roles of information institutions in national development. The main roles are to identify, acquire, preserve, and exhibit unique, collectible, or representative objects. The role of museum in the life of a nation involves conducting research into the vast natural history heritage and biodiversity of the country, serving as a repository, of natural objects, source materials and taxonomists in that country, creating scientific awareness, on natural history resources of the nation through annotated exhibitions for public enlightenment in display ga...
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its
Our group have been assinged to discuss on the topic above but in Islamic Banking perspectives. Therefore, before going any further, let us clarify definition of the Principles of Islamic Banking and clarify what are the elements involve in the Principles of Islamic Banking. Beside, we will also do some comparison of product or services offered by both banks which are conventional and Islamic banking. Apart from that, we will also clarify the problems or challenge faced by the agency which practices the Islamic banking in their agency.
1. This report seeks to prepare an explanation of what is meant by responsible business. It will be focused on a responsible business topic and also the nature and the importance of it will be discussed as well. The first responsibility of a business is how to gain and increase its profits. This is essential for a business in order to be healthy. So this report will show and explain what a Responsible Business is really in nowadays and how they operate under some circumstances. Then will follow an explanation and evaluation of the role of the government as an influence on responsible business behaviour. After that it continues with a review and evaluation of influences of ethical businesses approaching to responsible business.
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency in corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest – the mechanisms and institutions involved in providing venture capital and identifying angel investors as means to encourage innovation.... ... middle of paper ... ...
“Every bank performs the function of paying and collecting on the behalf of their customers. MCB bank collecting cheque of other bank by the customers of contains some fees or not charging any fees that is called clearing.”
A variety of groups are concerned in bank profitability for various reasons. The bank shareholders would want to know if the value of their investments is high or low. The investors also use current and past performance to predict future price of the banks’ shares traded on the stock exchanged. The management of the bank as trustee of the shareholders is evaluated and compensated on the basis of how well their decisions and planning have contributed to growth in assets and profits of their banks. Employees of bank also are concerned with profits, since their salaries and promotions are frequently tied to the profitability performance of their banks. Depositors use bank performance and profitability as indicators of security for their deposits in the banks. Finally, business community and general public are concerned about their banks’ performance to the extent that their economic prosperity is linked to the success or failure of their banks.