Five local banks have agreed to provide £450,000 to a charity providing financial services and guidance to islanders with limited means over the next three years.
Barclays, HSBC, Lloyds International, NatWest International and Santander International will each contribute £30,000 per year to Community Savings.
Community Savings provides access to basic financial services, including mentoring and emergency financial support, and help members access mainstream banking services.
Brian Curtis, Executive Chair of Community Savings, commented: “This is a very welcome commitment from these local banks, which will support our vision to promote financial inclusion in Jersey. The funding will allow us to continue helping those islanders who need our support and it will secure Community Savings’ services into the future.”
The Minister with responsibility for financial services, Senator Ian Gorst, said: “I am pleased that local banks, on their own initiative, have come together to provide a voluntary funding commitment to Community Savings. This will support the outstanding work that Community Savings carries out to ensure that all Islanders have access to essential financial services.”
He added: “I would particularly like to thank James Pountney, the Chief Executive Officer of Santander International and Non-Executive Director of Community Savings, who coordinated this initiative.”
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