Standard Chartered encourages clients to join fight against coronavirus

As the fight against the Covid-19 draws out, Standard Chartered Bangladesh is continuing to leverage the power of partnerships to help communities rise above this global humanitarian crisis. 

The Bank has recently announced partnerships with Brac and the Jaago Foundation, both of which are active on the frontlines of the Covid-19 battle, said a media statement on Monday.

Under this agreement, the bank's credit card customers will be able to donate directly to these organisations through the organisations' respective websites. 

In this regard, Standard Chartered Bangladesh will add another 5% donation, on top of the donation from the bank's clients up to Tk1000 per transaction.

Prior to this, the bank 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 the deadly Covid-19 virus. It has also launched a $50 million fund aiding communities affected by the pandemic across its global footprint, including Bangladesh.

Sabbir Ahmed, head of retail banking, Standard Chartered Bangladesh said, "We have always been passionate about going beyond banking to play our part in being here for good. 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," he added.