Tue | Oct 16, 2018

Scotiabank donates $65M to support Hurricane Irma victims

Published:Friday | September 8, 2017 | 5:12 PM

Scotiabank said it is donating US$500,000 (J$65 million) to charitable organizations assisting with the rescue and relief efforts in the many Caribbean countries impacted by Hurricane Irma.

The Canadian Red Cross will receive US$250,000 of the donation, with the remainder being directed to initiatives supporting young people in the affected communities, the Bank said in a release.

“Red Cross Societies are already active, mobilizing volunteers to the possible affected areas and relaying public awareness messages,” Scotiabank said.

It said relief supplies are on standby in Panama and the Dominican Republic to ensure an immediate response.

The Canadian Red Cross has a presence in the area and is coordinating with the International Federation of the Red Cross and supporting the mobilization of regional Red Cross teams, the release said.

“The devastation caused in the countries impacted by Hurricane Irma is heartbreaking,” says Brian Porter, President and Chief Executive Officer.

“Scotiabank has been part of the affected communities for decades. We are committed to the region and will support our customers and employees during these challenging times,” he said.

“We are saddened to learn that there has been significant destruction due to the Hurricane. We stand with the affected islands across the region, and intend to assist wherever we can”, said Jacqueline Sharp, President and CEO, Scotia Group Jamaica.

The damage associated with Hurricane Irma has resulted in a number of fatalities and caused damage to infrastructure, cutting communities off from water and electricity.

“Our immediate focus is on ensuring the safety of our employees,” Scotiabank said, adding that “we are continuing to assess the impact on our business operations.”

Scotiabank has been a part of the Caribbean for more than 128 years and has an extensive footprint across the region, including the affected territories of Antigua, Anguilla, British Virgin Islands, US Virgin Islands, St. Kitts & Nevis, St. Maarten, Puerto Rico, the Dominican Republic, Bahamas, and the Turks and Caicos Islands.

The Bank said donations to the Hurricane Irma relief fund can be made to chequing A/C # 803653 at the Scotiabank Centre. Donations can be made online or at any Scotiabank branch.