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Measuring our impact – USD1 billion COVID-19 Facility

Child wearing a  mask

24 Jul 2023

Home > News > Corporate, commercial & institutional banking > Sustainable finance > Measuring our impact – USD1 billion COVID-19 Facility
When COVID-19 struck, Standard Chartered committed USD1 billion in concessional funding to help the communities we call home.

Living up to “Here for good”

At the start of the pandemic, we made USD1bn of not-for-profit financing available to clients to support the manufacturing and distribution of products to help fight against COVID-19.

This financing helped produce an estimated 550 million pieces of PPE, 2 million COVID-19 tests, over 50 million vaccines, and hundreds of thousands of oxygen cylinders, ventilators, and critical medicines.

With no profit to the Bank, we helped deliver economic and social impacts, and stood by our clients when it mattered most.

Read the report on the details behind our innovative facility, and its impact on the communities where we live.

Our clients used the USD1bn that we provided in financing to switch from their normal business to tackling COVID-19 – including a Ghanaian beverage maker who pivoted to making low-cost hand sanitiser.

Simon Cooper
CEO of CCIB and CEO of Europe & Americas

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