In response to Sri Lanka’s economic and humanitarian crisis, Deutsche Bank has donated 40,000 euros (approximately Rs. 14.6 million) to provide medicines, storage equipment and 1,000 packets of food to the most vulnerable citizens of the country.
The Bank’s staff also rallied their support to raise an additional 7,453 euros (Rs. 1.9 million) for this cause. Staff also participated in yoga sessions on World Meditation Day on 20 May, to raise awareness about the situation in Sri Lanka.
The bulk of the funds went to the purchasing of medication to support local hospitals. Deutsche Bank worked with the Red Cross Society, who assisted the Sri Lanka Ministry of Health with the distribution to hospitals.
Medicines were provided to District General Hospital in Vavuniya, the National Hospital of Sri Lanka and Lady Ridgeway Hospital for Children, both in Colombo. The Bank also provided the Red Cross Society with tentage and equipment to store medicines.
In addition to the above, Deutsche Bank also supported feeding programs, providing rice to 150 families in need, as well as seeds and paddy grains to 1,350 farmer families to help with their agriculture sustainability.
“As a committed partner to the country for close to 42 years, we have been involved in Sri Lanka’s development and partnered with various social causes over the years. So, it was only natural for the bank and its employees to stand behind the citizens of our country in their time of need,” Deutsche Bank Sri Lanka Chief Country Officer Vikas Arora said.
Over the years, Deutsche Bank’s Corporate Social Responsibility program has actively engaged in addressing most relevant concerns of the local community in Sri Lanka. Supported by active staff volunteers, the program works in the areas of education, community development and women’s empowerment.
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small- and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
Deutsche Bank has been operating in Sri Lanka since 1980, providing cash management, FX, trade finance, trust and securities services with strong support and capabilities of superior technology on the Autobahn app market.