Problem

Socially irresponsible programmes of transnational banks

Other Names:
Unsustainable use of transnational capital
Nature:

Lending across borders to borrowers abroad is now big business for many transnational banks. Although transnational banks are increasingly engaged in socially responsible programmes in their home countries, they have not yet adequately extended similar programmes to the new market, although there are some examples (very few in number) in which transnational banks have extended this line of activity abroad. To the extent that the international market offers fewer opportunities for growth than in the early 1970s, many transnational banks recognize the importance of developing countries as a market.

Claim:

The growing importance of developing countries as a market for transnational banks, especially for those with constituent or integral operations in developing countries, requires the extension of socially responsible programmes to these countries, such as, for instance, financing of training courses, small businesses and the like.

 

Organizations:
CEE Bankwatch Network
Problem Type:
E: Emanations of other problems
Date of last update
16.11.2017 – 20:47 CET