CIBC FirstCaribbean International Bank has made a major donation to assist the poor this Christmas.
And in its move to give back to the community it serves, today Barbados Country Head, Mark St. Hill, handed over a cheque for $40,000 to Divisional Commander of the Salvation Army, Major Rosemarie Brown, at the bank’s corporate headquarters at Warrens, St. Michael.
Chief Executive Officer, Rik Parkhill, told the gathering that this Christmas it distributed US $100,000 to charitable organisations in the 17 countries in region in which it has branches. He pointed out that even though the year was challenging and profits recorded did not reach the levels expected, they still felt the bank should make a contribution to charitable organisations.
He acknowledged that during the current economic recession many individuals were under severe stress, adding this was the first time the bank was making a contribution to the Salvation Army.
In accepting the cheque on behalf of the Salvation Army, Major Brown said a contribution of that size was timely, particularly during this period of recession.
The Salvation Army feeds 80 to 100 persons daily and delivers 30 lunches to shut-ins. Additionally, it has distributed 3,000 hampers island wide.
Meanwhile, acting chairman of the Salvation Army Advisory Board, Paul Bernstein, commended the bank for its large contribution. (NC)