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"The prize was awarded as part of the 2018 Euromoney Excellence Award Gala for the Regional Implementation of a Social Bank Program to Encourage and Fund Social Enterprises and Meet Needs traditionally non-bankers or bankers in the UNECE region. "
According to Euromoney, for many in the region, bank support has become of vital importance.
Euromoney award is a welcome acknowledgment of the efforts we have made to develop social banking program in Central and Eastern Europe, what we mean by "social bank" goes beyond the concept of CSR. Founder and involves integrating these efforts into our broader goal of promoting prosperity and encouraging entrepreneurship in the region, "said Peter Surek, director of social banking at Erste Group.
Since the official launch of its social banking program in 2016, Erste Group has financed approximately 2,000 start-up entrepreneurs and nearly 400 non-profit organizations and entrepreneurs carrying out socially-efficient activities. through its microfinance subsidiary, a good portfolio Bee Credit in Romania, nearly 10,000 microloans worth more than 70 million euros mainly intended for farmers in rural areas Thanks to these efforts, more than 4,000 jobs have been created in the region.
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