Dashen Bank Chips in 10m Br for National Emergency Preparedness Fund

Dashen Bank is the latest in a long line of banks chipping in funds for the national mobilisation to ward off the potential spread of the Novel Coronavirus (COVID-19). Its board of directors donated 10 million Br this week, handing over the cheaque to Misganu Arega, state minister for Trade & Industry and the chairperson of the resource mobilising committee.

Dashen took the lead last week, waiving commission fees on ATM transactions to let its customers reduce physical visits to branches. It also removed commission fees customers pay to extend the validity of letters of credit (LC) and purchase orders aiming at easing the burden importers face due to the economic slowdown as a result of the fear of the spread of the virus.