China Banking Corporation (China Bank) today suspended operations of five branches in areas badly hit by Supertyphoon Yolanda—China Bank Baybay, Borongan, Catbalogan, Ormoc City, and Tacloban City branches.
At the same time, the Bank launched a donation drive for victims of the strongest storm to hit the country this year. Cash or check donations may be deposited through any China Bank branch to China Bank Calamity/Disaster Fund, savings account # 203-365071-3. Proceeds of the donation drive will be turned over to the Philippine National Red Cross.
A separate donation drive for employee victims was also activated, encouraging employees of the China Bank Group to reach out to affected colleagues and their families.
The closed branches are either flooded or damaged, but at the moment, the Bank is focused on getting as much information on the situation of employees in the area.
“In the aftermath of this calamity, our primary concern is our people. We are trying to contact them by all means and channels available to check their situation and to send help when and where needed,” said China Bank President & CEO Peter Dee. China Bank has almost 50 employees in the highly affected areas.
When Supertyphoon Yolanda made landfall early morning of November 8 in Eastern Samar, China Bank suspended the operations of 47 branches, including branches in Cebu, Dumaguete, Bacolod, Negros, Iloilo, and Surigao. 42 of these branches closed on November 8 have resumed operations today, and only five branches—China Bank Baybay, Borongan, Catbalogan, Ormoc City, and Tacloban City branches—remain closed.