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 · Web view“Hunger is a worldwide problem, ... If that statistic is correct, that could mean...

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NEWS FROM For Immediate Release: April 4, 2016 FIDELITY BANK DONATES TO THE BAHAMAS FEEDING NETWORK Nassau, Bahamas: Fidelity Bank (Bahamas) Limited donated $2,000 to help end hunger throughout the Bahamas. The donation was presented to The Bahamas National Feeding Network (BNFN), a non-profit organization that acts as a central hub for the collection and distribution of resources to charities in the commonwealth of islands. BNFN was established in 2013 when 13 independent charity groups joined forces to maximize personnel, finances, food supplies and non-food supplies donated, as well as to minimize duplication of services, improve communications and collaboration and to provide a common platform for standards. Since its launch BNFN estimates that 54 feeding centres/programs in New Providence are feeding upwards of 900 persons a day. In its first year of existence, the organization donated $70,000 in food coupons to over 40 feeding groups and churches. “Hunger is a worldwide problem, and while it may not be readily apparent, The Bahamas is specifically and seriously affected by it,” says Ms. Tangela N Albury, Chief Compliance & Control Officer and Fidelity Group’s Donations Committee Chair. “In The Bahamas, it is estimated that 12.5% of the population lives in poverty conditions. If that statistic is correct, that could mean that with a population of approximate 390,000, nearly 50,000 men, women and children do not know where their next meals are coming from. We are glad we can provide support to organizations through BNFN which directly address this issue.” Presently, BNFN helps to service 70 feeding programs in Nassau, Grand Bahama & the Family Islands. These include The Bahamas Red Cross,
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Page 1:  · Web view“Hunger is a worldwide problem, ... If that statistic is correct, that could mean that with a population of approximate 390,000, nearly 50,000 men, ...

NEWS FROM

For Immediate Release:April 4, 2016

FIDELITY BANK DONATES TO THE BAHAMAS FEEDING NETWORK

Nassau, Bahamas: Fidelity Bank (Bahamas) Limited donated $2,000 to help end hunger throughout the Bahamas. The donation was presented to The Bahamas National Feeding Network (BNFN), a non-profit organization that acts as a central hub for the collection and distribution of resources to charities in the commonwealth of islands.

BNFN was established in 2013 when 13 independent charity groups joined forces to maximize personnel, finances, food supplies and non-food supplies donated, as well as to minimize duplication of services, improve communications and collaboration and to provide a common platform for standards. Since its launch BNFN estimates that 54 feeding centres/programs in New Providence are feeding upwards of 900 persons a day. In its first year of existence, the organization donated $70,000 in food coupons to over 40 feeding groups and churches.

“Hunger is a worldwide problem, and while it may not be readily apparent, The Bahamas is specifically and seriously affected by it,” says Ms. Tangela N Albury, Chief Compliance & Control Officer and Fidelity Group’s Donations Committee Chair. “In The Bahamas, it is estimated that 12.5% of the population lives in poverty conditions. If that statistic is correct, that could mean that with a population of approximate 390,000, nearly 50,000 men, women and children do not know where their next meals are coming from. We are glad we can provide support to organizations through BNFN which directly address this issue.”

Presently, BNFN helps to service 70 feeding programs in Nassau, Grand Bahama & the Family Islands. These include The Bahamas Red Cross, Hands of Hope, Hands for Hunger, The Salvation Army, Great Commissions Ministries, and BASH. BNFN Executive Director, Philip Smith received the donation on behalf of the organization, thanking Fidelity Bank for its commitment to corporate giving. “Every dollar counts towards providing much needed resources to less fortunate persons in our community. This is why we are so grateful to corporate institutions like Fidelity Bank who help us to extend our reach”.

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From L to R: Gregory Bethel, President, Retail Banking, Fidelity Bank; Philip Smith, Executive Director, BNFN; Tangela Albury, Chief of Compliance, Chief Compliance & Control Officer and Fidelity Group’s Donations Committee Chair.

About Fidelity

Fidelity Bank (Bahamas) Limited is a 75% held subsidiary of Fidelity Bank & Trust International Limited (FBT) with the balance owned by the Bahamian public. FBT is a bank holding company incorporated in The Bahamas with licensed retail banking subsidiaries in The Bahamas and the Cayman Islands. FBT operates primarily in the personal banking segment and has consolidated assets of over $600 million. FBT also has a joint venture with Royal Bank of Canada which provides investment banking, corporate finance, and wealth management services through a 50/50 ownership of Royal Fidelity Merchant Bank &Trust Limited, which has operations in The Bahamas and Barbados.

For more information contact:Antonio SaundersT.356.7764 Ext. 3129E. [email protected]

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