CIBC
FIRSTCARIBBEAN TEAMS UP WITH FLOW TO OFFER FREE ACCESS TO ITS ONLINE
PLATFORMS

Bridgetown
Barbados, June 16, 2020
– Consumers
across the region will see major savings in data costs as a result of
a partnership between two major regional players in
telecommunications and finance.

CIBC
FirstCaribbean has announced an agreement with Flow for the zero
rating of the bank’s top sites as well as its award-winning mobile
banking app. Under the zero-rating initiative implemented earlier
this month across 11 territories where the bank and Flow have a
presence, clients will not be charged for any data used when logging
on to the bank’s mobile app, online banking platform or corporate
website.

“Zero-rating
is coming at a time when we know many clients are under financial
pressure, and our sincere hope is that by absorbing the data costs
associated with using our banking apps and website, our clients can
save a little extra towards other essential things for themselves and
their families,” said Esan Peters, Chief Information Officer and
Managing Director, Technology & Operations, at CIBC
FirstCaribbean.

He
noted that the “zero-rating of the CIBC FirstCaribbean Mobile and
Online Banking represents a continuation of our strategy to encourage
our clients to migrate to our digital channels where a number of
products, services and transactions are already offered free of
charge”.

Country
Manager, Flow Barbados and Head of B2B for the Southern Caribbean,
Jenson Sylvester, also hailed the initiative.

“Flow
is proud to establish this key partnership with CIBC FirstCaribbean
International Bank that results in immediate and tangible benefits
for our customers, and indeed, the wider Caribbean community.

“From
our perspective as a service provider, we are also committed to the
exchange of ideas and sustained collaboration, and we very much look
forward to further exploring the ways we can continue to work
together to help usher in a new era of digital transactions that are
rich in value for consumers,” Mr. Sylvester said.

Countries
in which the zero-rating applies are Antigua, Barbados, The British
Virgin Islands (BVI), Cayman Islands, Dominica, Grenada, Jamaica, St
Lucia, St Kitts, Turks and Caicos Islands and St Vincent and the
Grenadines.

About
CIBC FirstCaribbean

CIBC
FirstCaribbean is a relationship bank offering a full range of market
leading financial services through our Corporate and Investment
Banking, Retail and Business Banking and Wealth Management segments.
We are located in sixteen (16) countries around the Caribbean,
providing the banking services that fit our customers’ lives
through approximately 3,000 employees in 68 branches and offices. We
are one of the largest regionally listed financial services
institutions in the English and Dutch speaking Caribbean, with over
US$11 billion in assets and market capitalization of US $2 billion.
We also have an office in Hong Kong. The face of banking is changing
throughout the world and CIBC FirstCaribbean intends to lead these
changes with the expertise, integrity and knowledge gained from
banking in the Caribbean since 1836.

CIBC
FirstCaribbean is a member of the CIBC Group. CIBC is a leading
Canadian-based global financial institution with 11 million personal
banking and business clients. Through our three major business units
- Retail and Business Banking, Wealth Management and Capital Markets
- CIBC offers a full range of products and services through its
comprehensive electronic banking network, branches and offices
across Canada with offices in the United States and
around the world.

For
more information about CIBC FirstCaribbean, visit www.cibcfcib.com
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