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Commercial banks raise RM10m for hospitals

26 Mar 2020 / 19:22 H.

PETALING JAYA: The Association of Banks (ABM) said 11 of its members have come together and raised RM10 million to be channelled toward the purchase of critical supplies and support services for public hospitals.

In a statement, ABM said it is working with MERCY Malaysia in its Covid-19 strategic preparedness and response plan.

“These funds are specifically for critical preparedness, readiness and response support actions for the Health Ministry and the National Crisis Preparedness and Response Centre (CPRC); operational supplies support and logistics; at-risk-community’s livelihood support and logistics; mental health and psychosocial support; and epidemic / pandemic risk reduction,” it said.

The RM10 million collected under this ABM initiative does not include the individual contributions announced by some member banks prior to this.

Hong Leong Bank Bhd group managing director and CEO Domenic Fuda said he hoped Hong Leong’s efforts will ease the burden of the country’s medical system and front-line health care professionals.

“RHB has pledged RM1 million to MERCY Malaysia, through ABM, for purposes of procuring urgent healthcare and medical equipment as well as other essentials required by hospitals in managing the Covid-19 outbreak.,” its group managing director Datuk Khairussaleh Ramli said.

Meanwhile, Public Bank Bhd managing director and CEO Tan Sri Tay Ah Lek said Public Bank has contributed RM1 million and are doing what we can in whatever way possible to help combat the Covid-19 outbreak, whether directly or indirectly.

“The combined contribution of funds by the commercial banks will hopefully aid MERCY Malaysia to obtain and channel essential resources to where they’re needed most in the nation’s ongoing efforts to fight Covid-19,” he added.

The other banks that contributed funds to MERCY Malaysia are Malayan Banking Bhd, Alliance Bank Malaysia, AmBank (M) Bhd, CIMB Bank Bhd, HSBC Bank Malaysia Bhd, OCBC Bank (Malaysia) Bhd, Standard Chartered Bank Malaysia Bhd and United Overseas Bank (Malaysia) Bhd.

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