The Republic Bank (Grenada) Ltd has received the 2011 Best Corporate Citizen Award Among Commercial Banks for its outstanding contribution to the overall development and well-being of the Eastern Caribbean Currency Union (ECCU).
The Eastern Caribbean Central Bank (ECCB) initiated the Best Corporate Citizen Awards Among ECCU Commercial Banks in 1997. The awards recognise those banks which implement, support and participate in initiatives that contribute to the development of the people and communities in which they operate.
Good Corporate Citizen Awards are presented to the banks that are adjudged to have executed their corporate social responsibilities to the highest level in the areas of: Educational Development; Community Outreach and Social Services; Environmental Awareness; Sports; Cultural Development; Customer Service; and Financial Education and Empowerment.
The Best Corporate Citizen Award is presented to the bank which demonstrates outstanding contribution to the social development of the ECCU through human resource development and sustained community outreach.
The Republic Bank (Grenada) Ltd also received the Good Corporate Citizen Awards for Environmental Awareness, Sports, and Customer Service.
The other banks which received Good Corporate Citizen Awards were:
• Bank of Saint Lucia Ltd, which, captured the Good Corporate Citizen Awards for Educational Development and Cultural Development;
• Antigua Commercial Bank, which received the Good Corporate Citizen Award for Community Outreach and Social Services; and
• Bank of Nova Scotia (Antigua), which received the Good Corporate Citizen Award for Financial Education and Empowerment.
Twelve of the commercial banks which operate within the ECCU submitted entries for consideration. The award ceremony was held at the ECCB Headquarters, St Kitts and Nevis, on 2 November, following the presentation of the 16th Sir Arthur Lewis Memorial Lecture.
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