New York, November 13, 2013 - JPMorgan Chase announced today that it is pledging $1 million to relief efforts taking place in the Philippines, following the devastation caused by Typhoon Haiyan. The donation will help provide food, supplies and home-repair kits for 80,000 families in the provinces of Samar, Leyte and Cebu. The firm will also match employee contributions dollar-for-dollar, up to an additional $250,000.
"On behalf of our employees, across the region and around the world, our thoughts are with those in the Philippines reeling from the tragic consequences of this storm and who must now start to rebuild their lives," said Nicolas Aguzin, CEO of Asia Pacific for J.P. Morgan. "We have had a presence in the Philippines for more than 50 years, and in times like this, it is essential for us to contribute in as many ways as we can."
"The damage created by this storm is hard to comprehend," said Roberto Panlilio, Senior Country Officer for J.P. Morgan, Philippines. "In addition to financial support being provided by our company, our local employees are volunteering to help with the relief efforts on the ground, even as they help their own friends and families impacted by the disaster.
"During this very difficult time, our business has remained fully operational and we are ready to assist our clients, our staff and the broader community where we can," Panlilio added.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.