CEE's best bank for corporate responsibility 2018: Erste Bank
Awards for Excellence 2018
It is perhaps obvious that Erste Bank is leading the charge to help the unbanked and underbanked across central and eastern Europe – it was part of its mission when it was established in 1819 after all. And some 200 years later, financial inclusion is still just as pressing in the countries it operates.
Some 27% of the adult population across the region where Erste operates are at risk of poverty and 75% have no savings at all. To respond, the bank set up Step-By-Step as a social banking programme aimed at serving low-income customers, creating jobs and providing NGOs and social organizations with working capital. The bank has become a lifeline for many in the region, and its commitment to its communities earns it the award as CEE’s best bank for corporate social responsibility.
The stories and numbers speak for themselves. Through its local network of banks across the region, Erste, under group CEO Andreas Treichl, has helped 17,000 clients gain access to banking and savings, and has created more than 2,500 jobs through financing new entrepreneurs.