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

¥1M RMB

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Asia, regional
Country	Asia, regional
Start Date	Jan 08, 2005
End Date	Apr 04, 2032
Duration	9,948 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`35396`

Grant 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.

📚 Sources & References

工商银行与红十字会联手推出为印度洋海啸灾区网上捐款服务
China Red Cross collects up to 150 million yuan for tsunami victims
Donation via Red Cross tops RMB100m
ICBC donates one mln yuan to tsunami-hit countries, 2007 Corporate Social Responsibility Report Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.