We are passionate about social commitment. We provide our clients the opportunity to support good causes easily. We offer 10% of our profit each year for this purpose.
The Community Donation Program (CDP) is a social educational initiative which mobilizes our entire clientele. The program’s objective is to strengthen the group of employees and clients who commit themselves to civil initiatives actively. Furthermore, it is also our declared goal to make our clients understand and feel that the support amounting tens of millions Hungarian Forints is the result of tens of thousands of votes.
Within the framework of the CDP program, the owners of the bank forgo 10% of their after-tax profit each year and subsequently authorize the clients to help with this amount the nonprofit organizations participating in the program. Thus, due to this unique solution in Hungary, the clients of MagNet Bank are given an opportunity to donate money to the objectives that are important to them from the profit of their own bank.
The program’s success mainly depends on our clients, since they are the ones to decide whether to make any efforts towards helping the civil society. Based on the experience of the past 8 years, we are sincerely grateful to our clients for grabbing the opportunity to make a decision and ensuring the distribution of over 220 million Hungarian Forints.
By following a few steps specified hereunder, you may offer 10% of your portion of profit to your favorite nonprofit organization.
We inform our clients in a letter on how much profit the bank has realized on their activity
Our clients are entitled to donate 10% of this amount to a nonprofit organization of their own choice.
After the voting period, the nonprofit organizations receive the collected sum of support
Next time the clients of MagNet Bank will vote in 2018 about 10% of the annual profit of 2017.
If you are one of our clients and there is a nonprofit organization that you like and would be glad to support within the framework of the program, please bring the attention of this organization to our CDP Program. Should you be interested in the CDP Program as a nonprofit organization, please send your application to the kap@magnetbank.hu email address.