September 16, 2019
Bridgetown, September 13, 2019 CIBC FirstCaribbean has unveiled a suite of special loans, deferred payments and other concessions aimed at helping its clients in the Bahamas with the rebuilding process after hurricane Dorian.
Chief Executive Officer Colette Delaney who recently travelled to the Bahamas and saw some of the devastation caused by hurricane Dorian firsthand, said she and “all employees of the bank were shocked at the level of destruction on the Abacos Islands and Grand Bahama and were moved to help in any way we can”.
She said a similar package of relief has already been extended to all bank employees impacted by the hurricane.
“Our commitment to our staff and clients is unwavering and we are determined to do all that we can to facilitate them as they rebuild their lives, homes and businesses,” said the bank’s Managing Director in the Bahamas, Marie Rodland-Allen.
She noted that the bank is offering affected eligible retail, corporate and credit card clients who were resident or have businesses in Abaco and Freeport:
A temporary moratorium on loan payments for up to 3-6 months.v Short-term financing to assist with pre-funding insurance claims for property repair and asset restoration.
Deferred payments on credit cards for up to 3 months.
Mrs. Rodland-Allen urged affected clients to contact their lending officer or visit any branch or corporate banking centre.