Money raised will go to Cáritas, COAS, Cruz Roja Argentina and the Seamos Uno initiative to purchase hospital equipment, monitor and assist the at-risk population, as well as supply the most vulnerable communities with testing kits and food.
Bank will also match donations made by customers to each of these organisations.
Buenos Aires, 7 April 2020.
Santander Argentina will donate 60 million pesos to various organisations and initiatives in the country's fight against coronavirus (covid-19). The money raised will go to Cáritas, COAS, Cruz Roja Argentina and the Seamos Uno initiative.
Some $50 million will be direct donations to purchase hospital equipment, monitor and assist the at-risk population, and supply the most vulnerable communities with testing kits and food.
Santander will also earmark $10 million to a campaign to encourage its customers to donate to charitable organisations and will match these contributions. For more details visit www.santander.com.ar.
Guillermo Tempesta, vice chairman of Santander Argentina noted: "We're a key player in society, we have over 8,000 employees and we serve 3.7 million people. This is why it's important that we're close to our people and our customers, particularly the most vulnerable, helping ease the impact of this pandemic."
Banco Santander announced this week that it will offer microbusinesses and small and medium-sized enterprises loans totalling $16,000 million at a special annual nominal rate of 24% to help them pay wages. Last week it granted $750 million in loans, at the same rate, to around ten hospitals, clinics and nursing homes.
About Santander Argentina
Santander Argentina is the country's largest private bank by savings (deposits plus common funds) and lending volume. It has 430 traditional branches, eight social integration branches, five digital branches, three Work Cafés, over 3.7 million customers (including 2.2 million digital customers, more than 320,000 microbusinesses and small- and medium-sized enterprises and 1,300 corporate companies), more than 8,300 employees and operates in 22 provinces and in Buenos Aires. Likewise, Santander Argentina is developing an extensive responsible banking programme that focuses on higher education, and through Santander Argentina Universities it has over 86 collaboration agreements in place with public and private Argentinian universities.