$5m Standard Chartered Bank donation for tsunami victims

The bank will channel its contributions through local relief funds in Indonesia, Sri Lanka, Thailand, India and Malaysia.

"The scale and international impact of this disaster is unprecedented in recent times and is drawing a tremendous response from the public and governments around the world," said Standard Chartered's Group Chief Executive, Mervyn Davies.

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Davies said 5 million US dollar was an initial contribution to the disaster. Some funds had already been released to help with relief efforts. The bank had established a task force to co-ordinate the bank's response to longer-term reconstruction.