Overview

ICBC donates 1 million RMB to countries hit by 2004 Indian Ocean tsunami

Commitments (Constant USD, 2023)$244,619

Commitment Year•2005Country of Activity•Asia, regionalSector•Emergency ResponseFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 8, 2005

Start (actual): Jan 8, 2005

End (actual): Jan 8, 2005

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Loan desecription

ICBC donates 1 million RMB to countries hit by 2004 Indian Ocean tsunami

Narrative

Full Description

Project narrative

In 2005, the Industrial and Commercial Bank of China (ICBC) donated, through the Red Cross Society of China (RCSC), 1 million RMB (about $120,000 USD) to the countries affected by the 2004 tsunami including Indonesia, Sri Lanka, Thailand and Maldives. The specific distribution of the donation amongst the various countries was not disclosed. Additionally, ICBC and the Red Cross Society of China set up the "A Click of Mouse, A love You Give" program to collect donations for the countries - the bank opened special accounts for donors and offered them financial advice.