WSBI ESBG
Regional
Enable financial inclusion around the world
WSBI and ESBG members are committed to building a financially inclusive society.
A pledge to financial inclusion is outlined in WSBI positions to G20 leaders and in its commitment to World Bank Group’s Universal Financial Access goal. Financial inclusion projects tackle product accessibility and affordability as well as ways to get closer to clientsthrough proximity networks in both remote and underserved areas. Financial education is an important pathway to financial inclusion, which impacts all ages.
Making a Responsible Contribution to the Community
Sustainability means more than just green. It holds a deeply profound social dimension that is part of the DNA of WSBI-ESBG members. Savings and retail banks place a strong social commitment, a factor that differentiates them from other actors in the financial sector and are a driver for job creation and economic growth. As it forms a central role within their identity, WSBI-ESBG member banks:
- Link their business aims and success to the needs of local communities and society in which they operate, over and beyond their customer base.
- Drive local economic growth, entrepreneurship and jobs.
- Develop, implement, and support a wide scope of social initiatives to achieve a more inclusive society.
- Engage with communities through multi-stakeholders partnerships and corporate philanthropy, in such fields as medical and scientific research, arts and culture, social entrepreneurship, education, integration, as well as the preservation of natural and historical heritage.
- Commit to integrity and ethics among staff, management and governing bodies.
- Can adopt government structures which allow for democratic backing and supervision from local communities
- Act self-sustaining and prevent the public from socialised losses.
Promotion of Accessibility and Financial Inclusion
As fair partners for all segments of society, WSBI-ESBG member banks:
- Serve all segments of the population, from younger people to those who, due to their advanced age, lack access to digital banking services to widen financial inclusion.
- Promote savings and facilitate access to modern financial products and services that are tailored to the financial profile of the person concerned, including those with lower incomes or modest means.
- Ensure banking accessibility and proximity, close-to-customer banking close at hand by means of their dense network of branches throughout the country, including low populated and economically disadvantaged areas, and via a well-developed range of electronic access channels.
- Make branches and distribution channels as accessible as possible to elderly people, persons with physical disabilities or impairments.
- Provide high-quality financial education programmes to fulfil the commitment of providing citizens with a better knowledge of financial issues that will enable them to make informed choices through their lives, thus helping a more resilient society.
WSBI ESBG latest
March 28, 2023
WSBI-ESBG Managing Director discusses Basel IV, CMDI and SVB at the Politico Finance Summit 2023
Politico Finance Summit 2023 held in Paris
March 23, 2023
WSBI has been endorsing financial education for 100 years
WSBI-ESBG Managing Director Peter Simon held an interview with Colombian financial magazine “Portafolio”. The interview was originally
March 21, 2023
Global retail bank leaders meet in Colombia to discuss trends on sustainable finance, cybersecurity and financial education
The conference was hosted by WSBI President, Mr Isidro Fainé (President at ‘La Caixa’ Foundation) and the WSBI Regional President for The America and Caribbean, Mr Diego Prieto (President at Banco…
March 17, 2023
ESBG submits its response to the EBA consultation on the overall recovery capacity in recovery planning.
On 14 March, ESBG submitted its response to the consultation launched by the European Banking Authority (EBA)
March 16, 2023
Politico LIVE
Europe’s economy is heading into troubled waters. Inflationary pressure, driven by the most acute economic circumstances since 2008,
March 15, 2023
Cybersecurity Network 1st Meeting
WSBI-ESBG is launching a Cybersecurity Network (CSN), a new network for members focused on all matters