TORONTO, Aug. 17 /CNW/ - Scotiabank announced today a $150,000 donation
to the Canadian Red Cross towards relief efforts in Peru in the aftermath of
Wednesday's earthquake.
    "Our thoughts are with the people of Peru and we hope that this donation
will help alleviate some of the misfortune suffered during this difficult
period," said Rick Waugh, Scotiabank President and CEO. "We are pleased to
support the Red Cross in their efforts to provide this much needed
assistance."
    Scotiabank Peru is the third largest bank in Peru. The Bank has a staff
of 3,777 people across Peru and a nationwide network of 142 branches and 239
ATM's.
    Peter Cardinal, Executive Vice-President, Latin America, noted that, "We
continue to monitor the effects of the earthquake on Peru. We've been in
contact with our team in Peru, and can report that all are safe. We know that
the rebuilding effort will take time and this donation will help the Red Cross
jump-start this process."

    Scotiabank is committed to supporting the communities in which we live
and work, both in Canada and abroad. Recognized as a leader internationally
and among Canadian corporations for its charitable donations and philanthropic
activities, in 2006 the Bank provided more than $42 million in sponsorships
and donations to a variety of projects and initiatives, primarily in the areas
of healthcare, education, social services and arts and culture. Scotiabank is
on the World Wide Web at www.scotiabank.com.