Swiss Private Banking Group Julius Baer Pledges $170,000 To Lebanon

Swiss Private Banking Group Julius Baer Pledges $170,000 To Lebanon
Stefan Wermuth/Bloomberg | Middle East Eye/Nadda Osman

In light of the August 4 Beirut Port explosion, Julius Baer Cares and the Julius Baer Foundation have together pledged nearly $170,000 that will go to support Lebanon and the families affected by the deadly blast.

The donation aims to support relief efforts that include providing shelter to victims of the blast and contributing to the rebuilding of medical facilities, in addition to other humanitarian efforts.

The money will be distributed among the Lebanese Red Cross, Lebanese Hospital Geitaoui, Saint George Hospital University Medical Center, in addition to the Assameh Birth and Beyond Pediatric Unit in Karantina Hospital.

In the press release announcing the contribution, the leading private banking group Julius Baer said that a number of Julius Baer staff were inclined to show their support to families, friends, and the general community in Beirut.

“As a result, an internal fundraising initiative was put in place and run by the grass-root employee organization ‘JB Cares,’ ” the company said.

The Julius Baer Foundation, the group’s non-profit grant foundation, supported these efforts by adding to the employees’ donations.

“We hope that our humble contribution will support the rebuilding efforts in Beirut and create a safe environment for its communities that are in need of emergency aid,” said Régis Burger, Head Middle East and Africa at Julius Baer.

Julius Baer’s contribution to the ongoing relief efforts in Beirut comes weeks after the city’s port, Lebanon’s main port, was shredded by an explosion that wreaked havoc and destruction all over Beirut and its surrounding areas.

International aid, from countries, companies, and organizations, continues to pour into Lebanon, nearly 50 days after the blast.