StanChart teams with Brac, Jaago to help raise pandemic donations

Business Desk | Published: 22:50, May 20,2020


Standard Chartered Bangladesh has recently announced partnerships with Brac and Jaago Foundation, both of which are active on the frontlines of the coronavirus battle, to enable the bank’s credit card customers to donate directly to these organisations through their respective web sites, said a press release.

Through the partnership, Standard Chartered Bangladesh will add 5 per cent donation, on top of the donation from the bank’s clients, up to Tk 1,000 per transaction).

Prior to this, Standard Chartered had announced a broad range of support measures for its retail customers and businesses, including loan repayment holidays, fee waivers or cancellations and loan extension facilities.

The Bank has initiated a $1 billion global financing programme for companies that provide goods and services to help the fight against COVID-19.

It has also launched a $50 million fund aiding communities affected by the pandemic across its global footprint, including Bangladesh.

Standard Chartered Bangladesh retail banking head Sabbir Ahmed said, ‘At Standard Chartered, we are part of a resilient franchise thanks to the trust placed in us by our clients and communities, and we are committed to go the extra mile to support the less fortunate. Over the coming days, we will be launching more initiatives to support the most affected communities tackle this unprecedented global health crisis.’ — New Age

Want stories like this in your inbox?

Sign up to exclusive daily email