Citi: People in Need Can Count on Us Even During the Second Wave!
- October 01, 2020
Budapest, Hungary – Citi Foundation announced that it is donating HUF38,6 million to the Hungarian Red Cross to support its efforts to deliver ongoing relief and support for longer-term economic recovery in communities impacted by the global pandemic in Hungary.
Recognizing the disproportionate impact that COVID-19 has had on communities, Citi Foundation decided to support – in partnership with the Hungarian Red Cross – people who lost their jobs due to the COVID-19 pandemic, those who are living in social institutions operated by the Hungarian Red Cross, families and homeless people.
COVID-19 has hit economically disadvantaged people the hardest, so within the scope of the program these negatively impacted families and people will be supported, many of whom have become unemployed further increasing their vulnerability during the pandemic. Also supported will be clients of the social care system; families living in 10 Temporary Family Shelters (Családok Átmeneti Otthona) of the HRC, and in 119 other social care institutions and services, operated by the HRC.
This support will include food, personal hygienic products, personal protective equipment and disinfectants for cleaning in social institutions.
With the Citi Foundation donation, the Hungarian Red Cross will be able to continue to support our communities with logistics, volunteers and other complimentary tasks and duties during the second wave of the pandemic.
In Hungary, the Hungarian Red Cross was among the first non-profit organizations aiming at reducing the harmful effects of the novel coronavirus during spring time. As the second wave of the pandemic reached our country in September, Citi Foundation’s support came at the best time. With the donation, we will be able to keep up helping those people who found themselves in difficult circumstances due to the pandemic. – said István Kardos, Director of the Hungarian Red Cross.
Veronika Spanarova, Citi’s CEO for Hungary, commented the donation, “COVID-19 pandemic has brought to the forefront the social and economic inequalities that exist in our communities. Partnering with the Hungarian Red Cross to support families and communities most impacted helps address the disparities that persist and support our communities in need.”
In addition, Citi continues to take proactive measures to preserve the well-being of employees locally and globally.
With a 35-year history of presence, ingenuity and leadership in Hungary, today, Citi Hungary operates as a unique global bank providing a wide range of world-class products and services to large local corporations, SMEs, multinational clients, financial institutions and the public sector. Together with our Citi Solutions Center Budapest, which was established in 2005 and provides services in various areas of Technology, Operations, Finance, and Risk & Control for Citi-entities worldwide, more than 2,200 employees working at Citi Hungary. Additional information may be found at www.citibank.hu.
- Beáta Smid, Head of Corporate Communications
- Zoltán Somody, Head of Communications, Hungarian Red Cross
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities. The Citi Foundation's "More than Philanthropy" approach deploys the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation.