Standard Chartered Sri Lanka today announced donations totalling USD500,000 (approximately LKR 92.5 million) to support the fight against COVID-19 in the local community. The donation, which will flow through the Sri Lanka Red Cross Society (SLRCS), is in keeping with its brand promise to be ‘Here for good’ and is part of the Bank’s wider response to the COVID-19 global pandemic.

LOLC’s first quarter results for 2020/21, recorded the highest ever PAT of Rs. 37.2 bn compared to Rs. 5.6 bn recorded in June 2019. The sale of its Cambodian investment in PRASAC to South Korea’s largest Commercial Bank - Kookmin Bank, was concluded in April for US$603 mn.