Commonwealth Bank receives Child and Youth Friendly Banking Award at the 2017 CYFI Global Inclusion Awards in Berlin

Commonwealth Bank’s commitment to education and financial literacy was today recognised at the 2017 Global Inclusion Awards, with the Group receiving the Child and Youth Friendly Banking Award.

The Child & Youth Friendly Banking Award acknowledges the accomplishments of financial service providers who are pioneering innovative and original Child and Youth Friendly Banking Products, combined with an education component, delivered through a variety of media channels and employing a variety of learning methodologies.

Taking place in Berlin’s historic Meistersaal, the Global Inclusion Awards honour excellence in financial inclusion, economic citizenship education and entrepreneurial support for children and youth worldwide. The ceremony is linked to the G20 Global Partnership for Financial Inclusion (GPFI) Forum hosted by the German G20 presidency, which was held in Berlin on 2 & 3 May 2017.

Kylie Macfarlane, General Manager Corporate Responsibility, said: “We’re extremely proud to receive  this award from an independent body with a Jury that included some of the world’s leading figures in financial capability and inclusion; it’s a fantastic endorsement of our approach to financial education.” 

Veronica Howarth, Head of School Banking & Youth, said: “Our School Banking program, Youthsaver account and Start Smart initiatives show the Child and Youth Friendly Banking Principles in action and demonstrate our commitment to enhance and secure the financial wellbeing of more children.” 

 

About the Global Inclusion Awards

Organised by Child and Youth Finance International (CYFI), the Awards recognise and honour those that achieve greatness and demonstrate innovation in financial and social education, financial inclusion, and entrepreneurial support to children and youth. 

CYFI is a global not-for-profit organisation working to provide children and youth around the world with access to financial services, enhance their awareness of economic rights, empower them to build their assets, invest in their future, and ultimately break the cycle of poverty. 

Since their launch in 2012, the Global Inclusion Awards have grown to be recognized as an international celebration of youth economic empowerment across more than 140 countries.