Scotiabank Commits J$165 Million to Hurricane Relief in Jamaica
KINGSTON, Jamaica — Following the severe destruction brought by Hurricane Melissa, Scotiabank announced a financial contribution totaling approximately J$165 million to support relief and recovery efforts across the island.
Financial Contributions to Recovery
- The Scotiabank Foundation is donating CAD$400,000 (around J$48 million) towards relief and rebuilding initiatives.
- An additional J$100 million is pledged to strengthen Jamaica’s overall recovery and economic resilience.
Support Through Staff and Community Efforts
- Staff members are organizing care package donations to affected communities, valued near J$12 million.
- The bank will match staff donations up to CAD$50,000 (approximately J$6 million).
These funds will be allocated to reliable organizations actively assisting impacted families and supporting Jamaica’s rebuilding process.
“The devastation caused by Hurricane Melissa has been immense, with many of our clients, employees, and communities facing significant losses,” stated Audrey Tugwell Henry, President and CEO of Scotia Group Jamaica.
Scotiabank’s combined initial financial commitment underscores its dedication to aiding national recovery efforts.
Author’s summary: Scotiabank has pledged J$165 million in funding and support initiatives to assist Jamaican communities recovering from the severe impacts of Hurricane Melissa.