In 2005, the Medicinos Bankas UAB joined the international initiative Global Compact (GC), whereby business companies are encouraged to perform their activities on the basis of ten universal principles: human rights, rights of employees and protection of environment and to contribute to the fight against corrupt practices.
The goal of the GC is to encourage companies to act responsibly: avoid damage to environment, communities and other businesses and, using joint efforts with United Nations, state authorities and non-governmental organisations, to participate in solving social and environmental problems and contributing to public development and economic growth.
Medicinos Bankas has joined the GC in the hope that the ten principles of the GC are of critical importance in order to create long-term value of the Bank for its customers, staff and shareholders.
In the plan for implementation of the bank strategy for 2010–2012, it is planned to follow the principles of GC when solving issues of work organisation.
Medicinos Bankas contributes to public artistic development and promotion of activities of children and youth and continues providing consistent support to the ‘Saulius Karosas Charity and Support Foundation’. Also have close relationship with ‘State Vilnius Quartet’.
The ‘Saulius Karosas Charity and Support Foundation’ was established in 1998. During the ten years of its activities, it became an integral part of Lithuanian artistic development. The foundation provided funding and allowed young musicians to study in prestigious higher schools of art in Western Europe and USA.
Medicinos Bankas continues the nice tradition and actively supports the ‘Saulius Karosas Charity and Support Foundation’.