CTBC donates P15 M to rebuild schools

MANILA, Philippines - CTBC Bank (Philippines) Corp. (formerly Chinatrust Philippines) announced that its Taiwan-based parent company, CTBC Financial Holding Co., Ltd., will release NT$10 million (or about P15 million) to help rehabilitate areas severely affected by super typhoon Yolanda (Haiyan). The donation will be coursed through CTBC Bank Philippines for post-disaster reconstruction of schools and the purchase of educational supplies, among others, in keeping with its thrust to uphold the humanitarian spirit and in recognition of the close ties between the people of Taiwan and the Philippines. 

“We are thankful for our parent holding company’s gesture of solidarity and support to the victims of Typhoon Yolanda. The funds provided will further complement the initiatives undertaken by our own employees intended for disaster relief operations,” Mark Chen, president and chief executive officer said. “We have been strongly advocating programs on education, and the reconstruction of schools will not only allow students to return to their studies sooner, but will also help uplift the overall morale of the communities,” Chen added.

 Since 2011, CTBC Bank (Philippines) Corp. has been donating books and refurbishing libraries in designated public elementary schools in Metro Manila and other key provincial cities where it maintains its presence.  To date, 14 public elementary schools have benefited from the Bank’s reading and enhancement program.