To mark Universal Children’s Day, which takes place every year on November 20, CMB Monaco decided to launch a vast operation to collect donations in support of a Monegasque association dedicated to children.

True to its values, the Monegasque banking institution, with its concern for the socially responsible dimension, decided to donate part of its trading commissions for one day to the Association Mondiale des Amis de l’Enfance (AMADE). It also mobilised all its asset managers and private bankers as part of an internal competition to ensure that the amount donated was as substantial as possible.

Co-founded in 1963 by Princess Grace of Monaco, AMADE is based on a vision: that of a world where every child, whatever their social, religious or cultural background, can live with dignity, in safety and with respect for their fundamental rights. With a network of partners on four continents, AMADE helps more than 40,000 of the most vulnerable children every year.

Francesco Grosoli, CEO of CMB Monaco

CMB Monaco raised 27,713 euros for the association, which will make a useful contribution to the “Energy of Hope” programme, which aims to promote access to sustainable, quality energy and to digital educational services as a lever for better education and digital inclusion for children and their communities. This is achieved, for example, through the distribution of portable solar lamps to children attending schools in rural areas of Africa, to enable them to reach home more safely and study in better conditions, or through the distribution of the Nomad Education educational application for Senegalese pupils (production of content adapted to Senegalese school curricula), which is already helping more than 76,000 young pupils.

Last year, a similar operation was organised in aid of another leading Monegasque charity, Les Enfants de Frankie.

Francesco Grosoli, CEO of CMB Monaco, said: “At CMB Monaco, we understand that true prosperity emerges when our business makes a positive contribution to society. By cultivating strong relationships, supporting communities, and promoting caring actions like this one, we are shaping a future where economic success and social responsibility go hand in hand”. 

Jérôme Froissart, Secretary General of AMADE

For Jérôme Froissart, Secretary General of AMADE, “the commitment of companies, and in particular the banking sector, to our cause is important and much appreciated. As a trusted third party, we have the opportunity to support companies wishing to give impact to their social and responsible commitment. This initiative by CMB Monaco and its staff is highly innovative and inspiring. “