ICBC donates 1 million RMB to countries hit by 2004 Indian Ocean tsunami
Commitment amount
$ 264867.1867358085
Adjusted commitment amount
$ 264867.19
Constant 2021 USD
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Asia, regional
Sector
Emergency response (Code: 720)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
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.
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No