Dashen Bank who is the first bank to act on the mitigation of coronavirus effect in the economy donated ten million birr for the battle to combat the virus.
Early this week the bank president, Asfaw Alemu, officially provided the donation for the taskforce formed by the government to mobilize resources to fight COVID 19.
Two weeks ago the bank disclosed new initiatives that mitigate the challenge facing in the economy due to the virus, which WHO declared a global pandemic.
“We are working our part to contribute on tackling the latest challenge the country and the world in general faces. We will also further our support based on the condition of the outbreak,” Asfaw told Capital.
Furthermore the bank has doubled the daily cash withdrawal on VISA and IFB ATM cards to 10,000 birr from the previous 5,000 birr aiming to reduce customers visit to branches.
The Bank has also waived the ATM transaction fee, Extension commission fee in the course of extending the validity of LCs, 50 percent commission fee in the course of extending the validity of purchase orders, and Re-Negotiation fees on loans and advances for a period of 60 days effective from March 23.
The bank also stated that it will continue to take its part to keep the economy from further damage.