Deutsche Bank provides relief

Deutsche Bank has committed to donate a minimum of EUR300,000 (P17.6 million) to typhoon disaster relief efforts in the Philippines. In addition, many bank staff globally are making personal donations to relief efforts.

The bank will initially direct funds through the International Red Cross and will also evaluate and respond to local needs and support local relief efforts both in the short and medium term.

Announcing the commitment, Deutsche Bank CO-CEO Asia Pacific, Alan Cloete, said, “This disaster has touched the hearts of Deutsche’s employees throughout the world and we have seen an outpouring of support for relief efforts. We have a deep connection with the Philippines over many years and we will continue to contribute to relief efforts over an extended period.”

Deutsche Bank Philippines Chief Country Officer Enrico Cruz added, “Through this financial commitment we hope to assist in rebuilding the lives and communities of those who have been affected by these tragic events.”