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Deutsche Bank Announces Hurricane Sandy Relief Efforts

Deutsche Bank announced today relief efforts for victims of Hurricane Sandy.

The Bank, through corporate and employee donations, has committed USD 1 million to enable our nonprofit partners, including AmeriCares and the Robin Hood Foundation, help meet the demand for emergency services and restoration efforts.

Additionally, the Bank will provide USD 1 million in zero interest financing to help homeowners and small business owners in disadvantaged neighborhoods make critical repairs to their properties.

The Bank is also immediately instituting a Disaster Relief Matching Gifts Program, offering unlimited matching gifts to employees who pledge donations to charities responding to the disaster.

“Hurricane Sandy is a shared tragedy which has impacted many of us working and living in the path of the storm,” said Jacques Brand, Chief Executive Officer of Deutsche Bank North America and Member of the Group Executive Committee of Deutsche Bank. “We are hopeful our contribution will ease disaster relief and recovery for those in New York, New Jersey and other affected areas.”

“We are fortunate enough to be able to support a network of charitable organizations working hard to deliver aid to those most impacted by this unprecedented disaster,” said Bill Woodley, Deputy Chief Executive Officer of Deutsche Bank North America and Global Chief Operating Officer of the Regional Management Division of Deutsche Bank. “We encourage our employees to join us in our support of relief and recovery programs to help victims of the storm.”



Stock quotes in this article: DB 
Copyright Business Wire 2010

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