Scotiabank supports communities and clients affected by Hurricane Beryl

Kingston, Jamaica – August 8, 2024: Following the significant impact of Hurricane Beryl, Scotia Group is working to support clients and the wider community to recover. The financial group, through its Scotiabank Jamaica Foundation (SJF), will also be assisting schools in their recovery efforts. “Our focus at the SJF has always been on youth and education. We are very saddened by the widespread damage the recent hurricane has caused and we are particularly concerned about the destruction of school buildings and the impact of that on the resumption of school. To that end, we will be making donations of J$25,000,000 to assist selected schools with repairs. Further financial assistance valued at approximately J$20,000,000 will be provided to students through our back-to-school activities in August”, commented Audrey Tugwell Henry, President and CEO at Scotia Group. For the past two years, Scotiabank has supported thousands of students with back-to-school preparations through donations which include books and stationery items.

These latest contributions to disaster recovery follow initial donations made by Scotiabank Canada of CAD$25,000 to the United Way Jamaica to assist small farmers as well as a CAD$100,000 donation to the Canadian Red Cross to support the Jamaican Red Cross and other members of the regional Red Cross federation in their post-hurricane relief efforts.

In recognition of the devastating impact of the Hurricane and the effect that this will have on some customers and their ability to meet their financial obligations, Scotiabank announced the introduction of its Customer Assistance Pogramme (CAP) on July 21, 2024. The CAP offers personal and small business clients the option to defer loan and credit card payments to alleviate potential financial stress.