Social Impact Banking
For a fairer and more equitable society
UniCredit Bank Hungary has a long history of corporate social responsibility. As part of Social Impact Banking we wish to enhance this responsibility even more. As a sign of our commitment to a fairer and more just society, we support and finance the operation of businesses and organisations that create measurable value for society and strengthen the financial literacy of citizens. We do all this through our proven competencies, by providing special loans, by passing on our economic and financial knowledge, and through our staff’s commitment.
Balázs Tóth is the CEO of UniCredit Bank Hungary
“We must do the right thing to make our society better. Through Social Impact Banking, we have become a part of the solution as the initiators and supporters of the change. This is how we expand our corporate social responsibility in Hungary.”
Our goal is to contribute to making a better society and this goal is served by the 2 pillars of the Social Impact Banking activity: social impact financing, financial education and inclusion.
We finance and assist businesses and public benefit organisations that bring social improvement to society. We help them by providing loans with favourable interest rates and safe terms, as well as financial trainings, exchange of experience, and by enhancing transparency.
We focus primarily on businesses that operate in the following fields:
Financial education and inclusion
We improve the financial skills of young people and young adults and of those establishing start-up businesses.
On the one hand, we focus on students for whom we organise financial education workshops, online platforms and competitions, through our collaborating partners.
On the other hand, we transfer financial knowledge to vulnerable groups, in particular young people and people at risk of exclusion.
One of the major contributors to the success of our Social Impact Banking activity is our committed staff. In the course of their training and mentoring activities they spend time and use their expertise to support businesses, organisations, and entrepreneurs. They facilitate the exchange of experience and strengthen their sensitivity to projects with social goals.
How Social Impact Banking works
In our Social Impact Banking activity we pay special attention to the constant monitoring and measuring of results, which guarantees the sustainable growth of the supported projects.
Following the successful implementation of Social Impact Banking in Italy, it is now being introduced in Hungary. We customise the concept aimed at facilitating positive social change to local needs.
The expansion of the Social Impact Banking confirms UniCredit Bank’s strong commitment to providing the best possible development opportunities to people and in particular to its clients.