BNP Paribas activates emergency support plan in Bahrain in response to global health crisis

Bahrain is one of over 30 countries to receive assistance from BNP Paribas' 50 million EUR Emergency Support Plan

  
BNP Paribas activates emergency support plan in Bahrain in response to global health crisis
  • 100,000 EUR will be donated to Bahrain’s national campaign against the coronavirus pandemic

BNP Paribas and its subsidiaries around the world have, from the outset of the global health crisis mobilised to support hospital systems, medical research and institutions that help the most vulnerable and disadvantaged. Actions in aid of communities are the priority of the emergency support plan, especially when deployed in the field, in support of medical professionals, NGOs and social services support associations that are at the forefront of seeking solutions to this healthcare and social crisis.

With a strong local presence, BNP Paribas teams have already been able to provide support, in the form of grants, to numerous local NGOs in Europe, Asia and Africa, various bank solidarity and insurance funds, and research via the Institut Pasteur in France.

As part of the BNP Paribas new emergency support plan, Jacques Michel, Head of BNP Paribas Middle East & Africa, announced that Bahrain will receive a contribution of 100,000 EUR which will go towards supporting “There is Good in Us”, the national campaign against the COVID-19 pandemic led by HRH Prince Salman Bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier.

In a further stance of solidarity with Bahrain and its people, BNP Paribas has taken the decision not to apply for salary support for Bahraini staff as proposed by the Government. With a high percentage of Bahraini staff working for BNP Paribas in Bahrain, this amounts to over 2 million Euro.

Commenting on the initiative, Jacques Michel, Head of BNP Paribas Middle East & Africa stated: “Globally we are faced with a health crisis of the highest magnitude, and I would like to take this opportunity to praise the Government of Bahrain for its progressive and agile actions, spearheaded by the National Taskforce for Combating Coronavirus. BNP Paribas are proud to contribute to these efforts to ensure the safety of all residents in Bahrain, many of whom  are our own employees.”

-Ends-

About BNP Paribas in the context of Covid-19

As operators in an essential activity for the functioning of countries' economies, BNP Paribas and its various activities throughout the world have remained fully mobilised to deal with the health crisis since the outbreak began. A specific organisation has been set up in each country to give priority to teleworking and ensure the best hygienic conditions for employees whose activity cannot be carried out remotely.   

The Group's support for the countries affected by the healthcare crisis is primarily expressed in ensuring business continuity throughout the world in order to ensure the continuity of financial flows and payments, to support corporate and private clients to overcome this difficult period, and also to put in place all the measures mandated by States to support the economy.

In addition to the essential support given to the economy by on-the-ground action of its employees is the Group's impact as an employer and taxpayer (€5.9bn in taxes and duties paid for 2019).

Global Press Release can be found here: https://group.bnpparibas/en/press-release/bnp-paribas-strengthening-emergency-support-plan-response-health-crisis 

About BNP Paribas

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees, of which more than 151,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending.

BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. 

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© Press Release 2020

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