These are two different initiatives that come together in this contribution that BBVA decides to face in this current context that frames the COVID 19
BBVA will donate $ 20 million to the campaigns carried out by the Red Cross and “Let’s Be One”, in the context of the difficult situation experienced as a result of the COVID19 pandemic.
These are two different initiatives that come together in this contribution that BBVA decides to face in this current context that frames COVID 19.
As reported by the entity, the contribution to “Let’s Be One” is $ 10 million through a direct donation.
“Let’s Be One” is an initiative that brings together religious, social, and business entities and organizations that, in coordination with the State, will help vulnerable sectors of society during the emergency caused by the pandemic. The objective is to cover the needs of 4 million people through food boxes and hygiene products.
For its part, the collaboration with the Red Cross is also $ 10 million for the “Argentina needs us” campaign, a solidarity initiative that channels donations with the aim of strengthening the response capacity of Public and Private Health in the face of the growth of the Coronavirus ( COVID-19), in coordination with the Ministry of Health of the Nation.
In addition to these direct contributions, BBVA will allow the more than 6,300 employees that make up the entity in Argentina to collaborate with that cause through the “Your donation is worth double” campaign.
It has the following mechanism: for each Argentine peso contributed voluntarily by an entity employee, BBVA will add the same amount as a contribution to the campaign.
Employees who consider participating in the ‘Your donation is worth double’ campaign, will be able to contribute the amount of money they want through Online Banking until April 15, supporting the work of the Argentine Red Cross against the coronavirus in the country, which include psychosocial support activities for more than 50,000 people and their direct family nucleus; purchase of humanitarian aid kits for hygiene and cleanliness, protection for the population at risk and safety for health personnel; among other.
BBVA raised its donation to fight against COVID-19 to 35 million euros
BBVA President Carlos Torres Vila highlighted the role of the financial sector at this time. “We can and must do everything in our power, which is a lot, to help overcome the problem, and we will certainly overcome the problem,” since “banks are an important part of the solution.” BBVA’s president calls for living the entity’s values to “help society. We have to step forward. We can do it and, furthermore, we must do it.”
The entity has implemented numerous measures in all the countries in which it operates. In recent days, he reported that the donation to fight the pandemic caused by COVID-19 in the countries where it operates rose to 35 million euros.
The president of BBVA underlines the contribution to this cause of the bank’s employees, through various campaigns around the world. And this translates already into the purchase of “critical material” at this time for the care of the sick, such as masks and respirators, “in an environment of total scarcity” and that they are already arriving “.
“As a gesture of responsibility towards society, towards our clients, shareholders, towards all our employees, the people who run the bank globally and in the different countries we have decided to renounce all our variable remuneration for the year 2020,” said Carlos Torres Vila, President of BBVA.
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