History of The Power to Make a Difference

PMAD

As the Republic Group grows, so does our international reach. In an increasingly borderless world, we are engaging with more markets, communities and people than ever before. As we meet the needs of our employees, customers and shareholders in a responsible and caring manner, we know that we must leave this world a better place than we found it, by helping to build successful and thriving communities in all of the markets we serve, markets that continue to support us.

Social investment has always been an integral part of Republic Bank’s DNA. We firmly believe that we must help struggling communities enhance the quality of life for themselves and for future generations. We also encourage these communities to build a system of ethics that will endure. We achieve these objectives through Our Power to Make a Difference programme (PMAD). PMAD focuses on four specific areas:

  • Youth development through education, sport and the arts
  • Poverty alleviation through training programmes for at-risk youth and the provision of facilities for elderly community members
  • Helping differently-abled persons and groups find their place in the world. We provide training and physical facilities to help them become more self-sufficient and to contribute to society more effectively.
  • Protecting the environment

Although our focus on social investment began since our inception in 1837, PMAD was developed to deal with the specific issues outlined above. PMAD was formally introduced in January 2004, with the aim of investing TT$52 million in social programmes in T&T from 2004 to 2008.

The second phase of this programme commenced in October 2008 and extended its scope for another five years, until 2013. This phase sought to give voice to the differently-abled community and to bring greater awareness and access to medical options. Our investment for this period was an unprecedented TT$100 million.

In 2009, International Business Awards presented us with the Stevie Award for the Best Social Investment Programme in South America. The award recognised the programme’s impact in enhancing the lives of several communities and providing opportunities for at-risk young people.

Currently in its third phase, (October 2013 to September 2018), the Programme has turned its focus to improving the literacy levels and building skills and capacities, in our societies. Through an increased investment of $110 million, for the phase, the Bank hopes to achieve its vision of building successful societies.

The Power to Make a Difference Programme has also been introduced in other countries where we have our operations, namely Grenada, Guyana, Barbados and Suriname with a similar focus on youth development, poverty alleviation and helping the differently-abled.

William Clay Jr., Executive Chairman, Ford Motor Company, said “creating a strong business and building a better world are not conflicting goals – they are both essential ingredients for long-term success” At Republic Bank, we are grateful to have the privilege of sharing in the lives of hundreds of thousands of persons through our banking services and to enhance the lives of tens of thousands through our Power to Make a Difference programme.

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