As Grenada Co-operative Bank Limited (Co-op Bank) celebrates its 85th Anniversary, it holds true to its vision and mission, relentlessly pursuing all programmes and initiatives necessary to ensure that the Bank remains transparent and accountable to all its stakeholders, including customers and staff.
Over the past two weeks, Co-op Bank was thrilled to have been the recipient of awards from two prestigious institutions.
The Bank was the recipient of the Employer of the Year Award on October 28 at the annual Business Award Ceremony of the Grenada Chamber of Industry & Commerce (GCIC), which took place at the Spice Basket under the theme “Strategic Realignment for Growth and Sustainability”.
The Bank has invested in its employees’ continued training, education and holistic development, not just through formal programmes of education, but through social activities for staff and their families, and a long running Employee Assistance Programme, which caters for the emotional well being of staff.
Last week, the Bank was the recipient of the Good Corporate Citizen Award for Educational Development from the Eastern Caribbean Central Bank (ECCB).
The ECCB awards for commercial banks are presented annually to Banks within the member states of the OECS that are adjudged to have substantially contributed to social advancement through community outreach programmes.
Co-op Bank has won similar awards in the past, most recently in the areas of Customer Service and Environmental Awareness.
The Bank’s contribution to educational development covered several areas:
(1). Career guidance and internships for school leavers.
(2). Support of adult education programmes.
(3). Comprehensive and affordable deposit and loan programmes:
(a). Super Starter Education Investment Plan (EIP) Customers registered under this plan are provided with Star Points for academic excellence and also are given opportunities to win Scholarships to cover school and other expenses.
(b). Super Starter Higher Education Loan Plan (HELP). This product is affordable and flexible, allowing customers to make minimum payments during their course of study.
(4). Joint sponsorship of school competitions.
The Bank is a corporate sponsor of the secondary schools’ competition SGU Knowledge Bowl, which aids in preparing students for their final examinations.
Co-op Bank is honoured to be recognised for both its dedication to its employees and for the contribution made to the educational development of its community members.