Assessement of coporate social responsibility of financial institution

Corporate social activities performed by the bank as identified by the respondents revolved on activities and programmes relating to education improvement activities, health improvement activities, helping small and medium scale enterprises to flourish and grow and poverty eradicating activities. The null hypothesis that there is no significant effect of corporate social responsibility expenditure on the financial performance of Airport Branch of Stanbic Bank was rejected. An increase in the corporate social responsibility investment of the Airport Branch of Stanbic Bank increased the profitability of the bank by 0.725. This implies that in order to improve financial performance organizations should engage themselves into corporate social responsibility activities to the society either by supporting already initiated activities by other institutions or by initiating new corporate social responsibility activities. By so doing, they will in turn get their financial performance improving.