IR and Communications
Citi partners with Bangladesh Red Crescent Society to rehabilitate flood-affected families
Contributes USD $ 100, 000 to support 3000 families from low-income populations based in North Bangladesh
Dhaka: In response to the floods that engulfed Bangladesh in October this year, Citi Foundation, has contributed USD$100,000 to Bangladesh Red Crescent Society, the largest humanitarian organization in the country. The donation was made to support the rehabilitation of 3000 families affected by the heavy rains and flooding in the northern areas of the country. In addition to the Foundation grant, Citi Bangladesh employees also collectively contributed to the relief and rehabilitation efforts.
N. Rajashekaran, while handing over the cheque of USD$100,000 to Hafiz Ahmed Mazumdar, Chairman, Bangladesh Red Crescent Society, said, “This contribution from Citi Foundation, is a token of our commitment to serve the long term needs of low-income populations in the northern areas of Bangladesh, which are most affected by the recent flooding. Citi is dedicated to working with the Government and community partners in Bangladesh, to look for sustainable solutions that will better equip low-income families cope with such natural disasters, as and when they occur”.
Mr. Mazumdar, appreciated Citi’s support and said “I thank Citi for supporting Bangladesh Red Crescent Society in its mission to serve the people of Bangladesh, in the face of such natural calamities. I hope this partnership will grow to help solve for the problems faced by low-income families impacted during the floods”.
Senior officials including BMM Mozharul Huq, Secretary General, Bangladesh Red Crescent Society, Nazmul Azam Khan, Director, Disaster Response, Bangladesh Red Crescent Society and Sajedul Islam, Head of Markets and Treasury, Citi Bangladesh were also present during the handing over of the contribution.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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