The objective is much the same: provide children and young people with the education and skills they need to realise their full potential.
Turkey: TEB
$1.6 million to keep girls in school
TEB launched a scholarship program that enables girls aged 14–16 to stay on at school. Initially, TEB Insurance donated part of the proceeds of an insurance product to cover school expenses in the event of parents’ death or disability. However, the objective of helping 800 girls was quickly surpassed within the TEB Group thanks to the enthusiasm and donations from TEB employees, affiliated companies and service providers, as well as financial support from BNP Paribas and its Foundation. In 2007, to celebrate its 80th birthday, TEB further boosted funding. The result to date: some $1.6 million has been collected, enabling 1,250 girls to complete their secondary school education.
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USA: Bank of the West
Economic empowerment through financial literacy
For the last eight years, Bank of the West has supported operation HOPE, a non-profit organisation which provides financial-literacy programs to young people in under-served communities in the western United States. Over the next four years, Bank of the West is earmarking part of its $750,000 donation to operation HOPE’s successful “Banking on our Future”. The program teaches youth about financial empowerment, providing them with the skills to manage and take charge of their finances, and so face the future with greater confidence.
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Ukraine: UkrSibbank
Grooming future bankers
The result is the “Young Bankers Academy”, which introduces children aged 6–8 to the world of finance. Kiev primary schools participate in the two-hour class, which includes a fun lesson in the history of money, from barter and coins to today’s credit card. UkrSibbank branches in three other cities have since adopted the project, and the Kiev head office is now developing a new version of the course for older children and adults.
France: BNP Paribas Foundation
Tutoring help for 10,000 schoolchildren
For over ten years the BNP Paribas Foundation has supported AFEV, an association that brings together 7,500 student volunteers from French universities in a nation-wide tutoring program for 10,000 disadvantaged schoolchildren. The bank is also the largest supporter of AFEV after France’s Education Ministry. The longstanding support of the Foundation for AFEV was further boosted as part of the bank’s Suburbs Project in France (launched in 2006), with an extra €362,000 donated, enabling three new AFEV centres to be opened and 1,000 additional schoolchildren to benefit from the tutoring program.
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