Berhan Bank announced new schemes to help businesses affected by coronavirus


Berhan Bank donated Three Million Birr to Ministry of Health for the fight against COVID-19.
The Bank also announced that it has removed the commission fees it charges when importers extend letters of credit and reschedule loans, effective March 26, 2020.
Aimed at assisting businesses that will be affected by the spread of the Coronavirus COVID-19, the waived fees will remain for the coming two months, according to Abraham Alero, president of the bank.
The bank also decided to let older employees who are over 55 years old and pregnant employees stay home for 15 days following the coronavirus preventive measures. The bank also said that this will be revised based on the situation.
The bank will also use infrared non-contact thermo-meter for corona screening on its customers to check their body temperature.
Last week Dashen Bank announced the same measure. Dashen fully and partially waived commission fees on automated teller machine (ATM) transactions, as well as validity extensions on letters of credit (LC) and purchase orders.
It also donated three million Birr to the Ministry of Health – the fourth financial institution to contribute to the Ministry’s effort in fighting the virus. So far, Commercial Bank of Ethiopia (CBE) and United Insurance have donated 10 million birr and three million birr respectively.
Awash Bank also donated 10 million birr on Saturday March 28 for the fight against the pandemic.