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Actively Support Commonweal Project and Accelerate Society Harmony Development

2010 Charity Initiatives

In 2010, ICBC as a large commercial bank took actions to implement social responsibility through wide participation in poverty alleviation program, disaster relief work, education aid activities. Whether donations (in kind or money), human services, education development, services back to the community were carried out keeping the social responsibility in mind. The Bank has received wide recognition from all and was conferred the title "Charity Star (Enterprise) of the Year 2010" by China Foundation for Poverty Alleviation.

I. Full Support to Disaster Relief Work
(I) On the one hand, in response to the devastation in Qinghai Yushu caused by the earthquake, ICBC made an immediate cash donation of RMB 37,120,000 to contribute to the aid efforts, and also donated cotton-wadded quilts and foodstuffs worth RMB 500,000 to help victims get over the difficulty, rebuild their homes. On the other hand was to take all measures to continue financial service and open "green donation channel". All donations were exempted from banking charges and handled on the first priority in the branches to ensure relief money and donations from the society were credited into victims' account in time. Enough staff and devices were assigned to receive donations on behalf of charitable organizations by all means. The "Phone Direct" was a service to keep close contact with the rescue army and make all the preparations for emergency disbursement and cash delivery. "One-to-one service" was another special service to support the smooth progress of the earthquake relief work by arranging necessary emergency cash for transportation, railway, airlines, hospitals and public security.

(II) In Spring 2010, a severe drought hit Southwest China. ICBC donated a total of RMB 10.28 million, in kind and money, to the people in the Southwest China to support the regional governments in production and livelihood. At the same time a task group was set up to arrange special financial services for the relief work. One effort was to keep close contact with the regional governments in the drought-hit areas and understand the amount of money required for the relief. Another effort was to visit the customers in the disastrous areas and study how the drought affected their business and their difficulties. During the period from October 2009 to the first quarter of 2010, ICBC has released loans amounted to RMB 4.33 billion, where RMB 3.16 billion was for keeping seeding from drought, RMB 240 million to irrigation factory, equipment and facilities for drought resistance, RMB 180 million to support agriculture production and industry restructuring, and RMB 750 million for other purposes. ICBC opened "green pass" for drought relief disbursement and set up enquiry desk at the outlets in the affected areas. All funds for the relief cleared through ICBC were handled in the first priority to be credited into account accurately and in time. To make sure all the donations reached the destination, ICBC offered services by sending service teams to collect donations at-the-door from society groups and communities. This fully reflected ICBC's commitment of a large commercial bank to fulfill its social responsibility.

 

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