Abstract:
Abstract: As the significance of Corporate social Responsibility (CSR) initiatives on consumer
attitudes, behavior, intention and loyalty has increased it remains imperative for the financial
institutions especially banks to investigate the effects of CSR initiatives on customers’ loyalty. By
taking a model “Causal relationship between CSR initiatives and Customers’ loyalty”, therefore,
this study has aimed to trigger the effects of customer centric, ethics, green environment, and
philanthropic on customers’ loyalty. A survey has been conducted on 320 visitors and the
response rate is 88.75 percent. Initially, an exploratory factor analysis has been directed using
SPSS 21 and subsequently Structural Equation Modeling (SEM) has been used to test both the
proposed model and hypothesized relationships among the constructs. The result of the study has
revealed that the constructs (customer centric, philanthropic, green environment and ethics) have
significant impact on customers’ loyalty. The study also revealed that customer centric has the
greatest effects on customers’ loyalty while ethics is the least influencing factor on loyalty in
context of financial institutions in Bangladesh. The findings of the study will help the marketers of
financial institutions to attract and retain their customers ultimately to develop customers’ loyalty
and equity of the institutions.
