A Study of the Social Responsibility of Bank

A company shall take into account the stakeholders’ interests and even public interests, rather than maximizing its shareholders’ interests, when making decisions. As a financial intermediary, the bank advances the transfer of funds between borrowers and lenders. It accepts the deposit from the public and uses the deposit to extend loans. As a result, a bank shall protect not only the rights of its shareholders, but also the rights of depositors. Besides, the bank shall bear the responsibility to keep bank credit abreast of national financial policy. Traditionally, the social responsibility of bank concerns on the charity or the protection of consumers’ interests. However, the bank can promote other people or entity to implement corporate social responsibility when extending loans or investing in enterprise.