https://www.engineeringnews.co.za
Export|Services
Export|Services
export|services

Standard Chartered to launch $50m global fund for Covid-19 relief

3rd April 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

International banking group Standard Chartered has launched a $50-million global fund to provide assistance to those affected by the Covid-19 pandemic.

Half of the funding will immediately be deployed for relief in the group’s most affected markets, while the balance will help communities over the medium term to recover from the economic impact of the virus.

All the group’s board and management team members will be making personal contributions to the fund.

To date, Standard Chartered has donated $1.85-million towards Covid-19 relief through individual country and regional efforts.

The banking group has also launched initiatives to provide economic support to protect the wellbeing of customers, clients and the group’s 84 000 employees globally.

On March 30, Standard Chartered announced that it was committing up to $1-billion of loans, import/export financing and working capital, at preferential rates, for companies that are providing goods and services to help in the fight against the virus.

The group says it will publish more details on the $50-million fund in the coming days.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.076 0.124s - 138pq - 2rq
Subscribe Now