Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

ING contributes USD 1 million

30 December 2004

ING contributes USD 1 million to regions hit by tsunami

ING Group today announced that it will contribute USD 1 million to a relief fund for those affected by the tsunami in South and South-East Asia . ING started an initiative to allow its businesses and its employees worldwide to participate in a global fund raising effort. An ING Tsunami Support Account has been established and all international staff donations to this account will be used for disaster relief in the regions affected by the crisis.

The ING Group Executive Board has committed the first USD 1,000,000 to the ING Tsunami Support Account, on behalf of all ING’s businesses. This includes a special contribution of USD 100,000 of the ING Insurance Asia/Pacific regional office in Hong Kong, since their region was directly hit.

“I hope this contribution of ING and the additional donations of its employees can be of help to the relief efforts in the countries that have been hit so tragically,” said Michel Tilmant, CEO of ING Group.

The fund will primarily serve two purposes: it will aim to provide assistance where it is most urgently needed, and as the scale of the tragedy and the need for reconstruction in the regions becomes clear, the fund will also commit to supporting longer-term projects. This will closely be coordinated through ING’s local offices and in cooperation with international aid organizations. ING’s offices have not been damaged and all ING employees working in the regions have been accounted for.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>