Stanbic Bank Ghana has made a total investment of ¢1.3 million to support ongoing national efforts to contain the spread of COVID-19, a disease caused by coronavirus.
This was revealed when management of the bank donated 300 Personal Protective Equipment (PPE) to the Korle-Bu Teaching Hospital in Accra on Monday, April 6, 2020.
Stanbic Bank’s COVID-19 intervention will also include a donation of an additional 200 PPE to hospitals and medical centres in the country, procurement of 5,000 complete testing kits and sourcing of ventilators for the country through the United Nations Office for Project Services (UNOPS).
Speaking at the short donation exercise, Head of Marketing and Communications of Stanbic Bank, Mawuko Afadzinu said the severity of the impact of the COVID-19 places a responsibility on everyone to ensure that the situation is contained.
“This is a time for collective responsibility where a successful fight against this pandemic requires that we all do our part; whether in respecting lockdown protocols or contributing in various ways to stem the spread of the virus.
“For us at Stanbic Bank, we believe Ghana is our home and our commitment to drive its growth will continue to find expression in interventions such as this support for the fight against the Covid-19 virus”, Mr. Afadzinu said.
In addition to the donation, the bank has launched an initiative that is encouraging staff to commit at least a percentage of their salaries to the COVID19 Fund.
All for One, One for all campaign
Called the ‘All for One, One For All’ campaign, it has top executives of the bank committing 30 per cent of their salaries for the next three months while other employees have committed 10 per cent of their salaries each.
Additionally, Stanbic Bank has rolled out many interventions to reduce the financial burden on customers and enhance the ease of doing business as the country fights to control the spread of the COVID-19 in the country.
The measures include a capital moratorium to customers upon request.
This means that customers who have active loans with the bank can pay only the interest on the loan and not the principal amount for an agreed period.
Further, Stanbic Bank customers would enjoy a 2% reduction in interest rates.
Over and above these, the bank has reduced charges on all its cards to encourage the use of e-payments outlets.
Currently, the loading of cedi component on Stanbic Bank’s Money Wallet card is free.
Stanbic Bank is also actively driving the use of its digital channels as a way of keeping customers safe.
Customers can effectively make all payments and banking enquiries in the comfort of their home using Stanbic Bank’s digital channels, with limited trips to the ATM, without having to go to a physical branch.
The Bank has also increased its ATM cash withdrawal limit to ₵10,000 in a bid to limit in-branch transactions even for customers who need bulk cash.
Consequently, the bank has increased protection at all ATM sites across the country.
Latest Stories
-
Brazil great Marta to retire from international duty
22 mins -
Otto Addo was forced to accept Black Stars coaching job – Mohammed Polo
27 mins -
Karim Zito qualified to be Black Stars head coach – Mohammed Polo
34 mins -
Platinum Cup makes return on April 27
40 mins -
MoE is not changing uniforms or re-painting all public schools – Kwasi Kwarteng clarifies
1 hour -
16th Africa Aquatics Swimming Championships: Nubia and Harry to represent Ghana in Angola
1 hour -
Four defendants in NDA case by OSP open defence today
1 hour -
GFA commissions first set of floodlights at Ghanaman Soccer Centre of Excellence
1 hour -
Basic public school uniform change an initiative, not a policy – Kwasi Kwarteng
1 hour -
Bawumia appeals for peace in Gonjaland, donates GHȼ100K, bull
2 hours -
Drake: AI Tupac track gone from rapper’s Instagram after legal row
2 hours -
Repainting schools, changing uniforms a misplaced priority – Joy FM listeners on rebranding of basic public schools
2 hours -
UEFA U-16 Tournament: Black Starlets bounce back with 5-1 win over Serbia
2 hours -
There’s nothing strange about changing colours for basic public schools – Education Ministry PRO
2 hours -
Diana Asamoah causes arrest of personal assistant over GH₵4k MoMo theft
3 hours