Bank ABC sets up $10mln fund for pandemic fight

The fund will be used to make donations towards national and charitable initiatives

Cash department window currency exchange concept

Cash department window currency exchange concept

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MANAMA: Bank ABC has established a $10 million fund to support the fight against the novel coronavirus (Covid-19) pandemic.

The group, including ila Bank, Arab Financial Services and Bank ABC Islamic, launched the fund to collectively contribute $10m to national initiatives across its Mena network to ease the impact of Covid-19.

The fund will be used to make donations towards national and charitable initiatives designated to contain the spread of the virus, lessen the financial burden on those most impacted and support frontline medical workers and volunteers risking their lives to safeguard their communities.

Commenting, Bank ABC Group chief executive Dr Khaled Kawan said, “It is our duty and a privilege as a responsible corporate citizen to pledge our unwavering commitment towards our communities, government bodies, healthcare professionals and volunteers who are doing a phenomenal job.”

Bank ABC deputy group chief executive Sael Al Waary said, “Whilst we commend the remarkable measures taken so far by the authorities and the frontline workforce and pray for the recovery of all those who are impacted by the virus, Bank ABC is pleased to announce its contribution of $2m towards the Feena Khair campaign.”

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