Scotiabank Shows Solid Support – Bank donates US$500,000 to organizations supporting relief efforts in Caribbean

Image of Scotiabank's main branch in Castries.

PRESS RELEASE – SCOTIABANK is donating US$500,000 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 $250,000 of Scotiabank’s donation, with the remainder being directed to initiatives supporting young people in the affected communities. Red Cross Societies are already active, mobilizing volunteers to the possible affected areas and relaying public awareness messages.

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 devastation caused in the countries impacted by Hurricane Irma is heartbreaking,” said 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. Our thoughts continue to be with the people of the affected regions as they demonstrate strength and resilience following the devastation.”

He continued to note that the damage associated with Hurricane Irma had 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. We are continuing to assess the impact on our business operations,” Porter said.

Customers having banking questions or support can find the appropriate contact information via Scotiabank’s website.

To make a donation to the Hurricane Irma relief fund, please visit the Canadian Red Cross website.

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