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The UBI Banca Group accompanies its banking activity with intense support for social and cultural initiatives in the local communities in which it operates with action taken designed to enhance our corporate identity and to pursue our mutual objectives as a "popular" co-operative bank, with no direct correlation with the achievement of commercial objectives.
We have given a new boost in recent years to consultation activity, which, together with institutional communication, is performed systematically, transparently and with integrity and contributes to the development and understanding of our role in society. |
 | | SOCIAL ACTIONS
Almost all Group intervention in the community is by the Parent Bank, the Network Banks and the Foundations with funds drawn from reserves of profits, where provided for in the by-laws, or from special items in budgets. The network banks and foundations operate autonomously in their own geographical areas. The former set their own strategic objectives and the latter act exclusively on the basis of their constitutions.
In accordance with Group values, we apply criteria of efficiency, effectiveness and sustainability in making donations and in the management of sponsorships of a social character.
We have no policies which give priority to determined areas of intervention (except for the foundations, which are governed by their constitutions). We work in response to demands which we learn of in the community through direct contact with different social organisations. |
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| SOCIAL ACTIONS 2009 (mln euro) |
| Parent Bank Network Banks Foundations Tot. Group |
*There are a number of sponsorships of professional sports clubs committed to the training and eductation of young people. Source: Social Report 2009
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