Standard Bank Limited has recently signed a Memorandum of Understanding (MoU) with BRAC, a leading NGO, with the aim of strengthening the health sector in 35 high risk districts of the country for coronavirus.
Khondoker Rashed Maqsood, Managing Director & CEO of Standard Bank and Tushar Bhowmick, CFO of BRAC signed the MoU on behalf of their respective organizations.
Addressing the signing ceremonyg, Maqsood said, "It is incumbent upon all of us to contribute from our respective positions to combat the Corona virus outbreak in this critical period of the country."
Under the agreement, Standard Bank will finance the Community Fort project, an initiative taken by BRAC. Through this project, BRAC is providing necessary assistance for the development and immunization of health services including providing masks to 7.7crore people in 35 high risk districts of the country.
Addl. Managing Director of Standard Bank Md. TouhidulAlam Khan and Head of IRM & SFD Bahar Mahmood were present on the occasion.
Since the outbreak of the Coronavirus begins, Standard Bank has been working in a variety of humanitarian services including distributing free hand sanitizers to the general people, providing funds to the Bidyanondo Foundation, one of the country's leading voluntary organizations to help the poor and disadvantaged etc.
