Kaber Mclean, Chief Executive Officer for HSBC Australia said: “We are committed to helping individuals and businesses deal with this unprecedented crisis.
“Our donations to the Australian Red Cross and Barnardos Australia will assist the most vulnerable in the community, and are in addition to measures we have taken to assist customers who are experiencing financial hardship.”
HSBC Australia’s contributions are as follows:
The Australian Red Cross will receive AUD60,000 for immediate on-the-ground support for at-risk communities including older Australians, those experiencing homelessness, vulnerable migrants and people recently impacted by bushfires and floods.
Barnardos Australia will receive AUD45,000 for food security and other essential services for children, young people and families.
These local donations form part of a global US25 million commitment by HSBC to support the international medical response to COVID-19, protect vulnerable people and communities, and ensure food availability around the world.
HSBC has introduced several measures to help personal banking customers experiencing disruption to their finances as a result of COVID-19. Financial hardship assistance may also be available to defer loan repayments on home loan, personal loan and credit cards by up to six months.
HSBC encourages any customers who have been affected by the outbreak and require financial assistance to make contact online or via the contact centre.