By Januarius Asongu

It may appear as an oxymoron to suggest that the large multinational financial institutions (MFIs) are good corporate citizen within the current climate where they are being blamed for the global economic crisis. This paper seeks to investigate whether MFIs could be described as socially responsible. The paper begins by clarifying the concept of corporate social responsibility (CSR) in general and then examines the activities of MFIs that can be described as socially responsible. It ends with the conclusion that although many people are angry with financial institutions as a whole, MFIs do undertake socially responsible activities.