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Commonwealth Bank quadruples its donation to $1 million

4 January 2005

The Chief Executive Officer of the Commonwealth Bank, David Murray today announced that the Commonwealth Bank would raise its cash donation by $750,000 to assist those affected by the Asian Tsunami, taking its total donation to $1 million.

The Bank, last week, joined with the Australian Red Cross by donating $250,000 to their international relief appeal and also opened its branch network to collect donations for Red Cross.

The Commonwealth Bank today pledged a further immediate donation of $500,000 to the Red Cross international relief appeal. He said, "no-one understood the magnitude of the disaster this time last week and as time passes it becomes more evident that an enormous amount of assistance is required. In recognition, I am pleased to announce the Bank’s additional support".

A further $250,000 will be distributed in consultation with Bank staff either directly affected or whose families have been affected by the disaster.

The Bank is assisting the Australian Red Cross with branch collections and taking telephone donations in Bank call centres and both Red Cross and World Vision with credit card collections. Customers wishing to remit funds to their families in the affected areas can do so free of normal bank fees.

Mr Murray on behalf of all in the Commonwealth Bank, once again, expressed sympathy to the families and communities affected by this tragedy.

Donations can be made through any Commonwealth Bank branch across Australia to:

Account Name: Australian Red Cross – Asia Earthquake and Tsunami appeal
Branch: Melbourne Vic
Account Number: 063010 10972355

The Australian Red Cross can be contacted via its web site at http://www.redcross.org.au

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