FirstRand Nam pumps HOPE into economy
FirstRand Namibia’s HOPE intervention and relief efforts will deliver support locally of more than N$20 million into Namibia’s health crisis economy.
FNB Namibia over the past two weeks provided relief of N$6.5 million in fees and charges reductions to support its customers over the next three months.
In addition, it initiated instalment payment holidays to Covid-19 impacted and qualifying customers across all sectors and segments including consumers, SMEs, tourism, agriculture and other large businesses.
Through the FirstRand Namibia Foundation more than N$2.6 million has been granted to sanitation initiatives, environmental and community support.
The group also pledged N$1.5 million to government’s Covid-19 Fund.
FirstRand Namibia’s HOPE intervention and relief efforts will deliver support locally of more than N$20 million into Namibia’s health crisis economy.
‘Mobilising bases’
In statement, the group said HOPE’s immediate objective is to accelerate the scaling of Namibia’s Covid-19 critical care capacity over the next few weeks.
It will particularly focus on supporting the medical structures and resources of the country, particularly those responsible for providing testing and front-line protective care, as well as providing more ventilators and addressing critical bed capacity.
FirstRand Namibia has so far allocated an anchor investment of N$10 million to HOPE, funded by the banking arms of the group, FNB Namibia and RMB.
“FirstRand believes this objective is achievable as the group is currently mobilising FNB, RMB, Ashburton and WesBank’s corporate and commercial customer bases for additional support, and the bank’s distribution channels and governance structures will ensure funding is deployed effectively,” according to the statement.
The chief executive officer of FirstRand Namibia, Sarel van Zyl, says the initiative demonstrates “the value that can be unlocked through effective partnerships between governments, foundations and the financial and operational capacity within the private sector”.
“This is just the beginning of what we believe we can do to combat the impact of Covid-19 at where it matters most, in our healthcare system,” says Van Zyl.
In addition, it initiated instalment payment holidays to Covid-19 impacted and qualifying customers across all sectors and segments including consumers, SMEs, tourism, agriculture and other large businesses.
Through the FirstRand Namibia Foundation more than N$2.6 million has been granted to sanitation initiatives, environmental and community support.
The group also pledged N$1.5 million to government’s Covid-19 Fund.
FirstRand Namibia’s HOPE intervention and relief efforts will deliver support locally of more than N$20 million into Namibia’s health crisis economy.
‘Mobilising bases’
In statement, the group said HOPE’s immediate objective is to accelerate the scaling of Namibia’s Covid-19 critical care capacity over the next few weeks.
It will particularly focus on supporting the medical structures and resources of the country, particularly those responsible for providing testing and front-line protective care, as well as providing more ventilators and addressing critical bed capacity.
FirstRand Namibia has so far allocated an anchor investment of N$10 million to HOPE, funded by the banking arms of the group, FNB Namibia and RMB.
“FirstRand believes this objective is achievable as the group is currently mobilising FNB, RMB, Ashburton and WesBank’s corporate and commercial customer bases for additional support, and the bank’s distribution channels and governance structures will ensure funding is deployed effectively,” according to the statement.
The chief executive officer of FirstRand Namibia, Sarel van Zyl, says the initiative demonstrates “the value that can be unlocked through effective partnerships between governments, foundations and the financial and operational capacity within the private sector”.
“This is just the beginning of what we believe we can do to combat the impact of Covid-19 at where it matters most, in our healthcare system,” says Van Zyl.
Kommentaar
Republikein
Geen kommentaar is op hierdie artikel gelaat nie