Touch Lives, Build Futures.
Parallel to undertaking its banking business Wegagen Bank gives due emphasis to corporate social responsibility as an important aspect of its business. We strongly believe that giving part of our profit to the society where we are operating is our moral responsibility. In line with this, we engage in a range of different corporate social responsibility initiatives that contribute to the wellbeing of our society.
One of the focus areas of our CSR initiatives has been the support we give to the development activities the federal and regional governments undertake to improve the welfare of the society. Over the years, the Bank has donated millions of Birr to several local development activities carried out in the areas of education, health and clean water provision, among others.
The Bank has also donated significant amount of funds to a number of local philanthropic organizations working to address socio economic problems of women, orphans, the elderly, and persons with disabilities, among others. A recent examples include the donation of Birr 170,000 made to Makedonia Home for the Elderly and Mentally Disabled- a local NGO; Birr 130,000 extended to Ye EnatWeg Charitable Association for feeding school children and Birr 100,000 given to Oromia Development Association for the construction of boarding school are prime examples of CSR efforts of Wegagen Bank. We also donate funds to emergencies when natural and manmade disasters affect different communities. The more than 20 millionbirr we donated in 2018 to the support the resettlement of the internally displaced people in different parts of our country as well to support the fight against American Army Weed is a testimony to our CSR commitment.
Wegagen will continue to commit substantial amount of its earnings to discharging its corporate social responsibility through the establishment of Wegagen Foundation, which will spearhead its intervention towards alleviating the social ailments and contribute to the overall wellbeing of the communities we work with.