Bank body makes 'tree bank' deposit

Bank body makes 'tree bank' deposit

Some 1,000 banking executives took part in a tree-planting exercise organised by the Association of Banks in Singapore (ABS) last Saturday.

Staff from around 30 banks and financial institutions planted 230 trees at a National Parks Board (NParks) "tree bank" along Marina Coastal Drive.

ABS said in a statement that the exercise is part of the banking and financial sector's commitment to the environment.

The event was originally slated to take place in June, but was postponed because of the haze.

It raised $160,000 for the Garden City Fund, a registered charity established by NParks.

The event is also one of a series of ABS activities to commemorate its 40th anniversary, by planting 400 trees costing $400 each.

The Marina Coastal Drive tree bank could accommodate only 230 trees, so the rest of the trees will be planted at another location.

Earlier this year, the ABS made a donation of $400,000 to the President's Challenge at its 40th anniversary dinner.

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