Brokerage group Capital.com has donated €50,000 to the Cyprus Red Cross Society as part of efforts to support the damage caused by wildfires over the last month.
The broker said the donation reflected its efforts to support the communities “it’s a part of”. Capital.com has one of its largest offices in the country.
The donation was officially presented during a meeting at the Cyprus Red Cross headquarters in Nicosia. In attendance were Fotini Papadopoulou, President, and Leda Koursoumba, First Vice President of the Cyprus Red Cross Society.
Christoforos Soutzis, CEO of Capital.com Europe, and Valentina Rzheutskaya, Chief Legal Officer and Executive Director at Capital.com, represented Capital.com.
“At Capital.com, we feel deeply connected to the communities in which we live and operate,” said Rzheutskaya. “The fires have caused widespread destruction, resulting in the tragic loss of human lives and animals, as well as the complete devastation of homes, properties, and farmland. In response, we partnered with the Cyprus Red Cross, a highly respected humanitarian organisation with a long-standing record of delivering aid quickly and effectively.”
Capital.com one of several brokers to donate
A number of brokers from the online trading industry have now donated to support efforts since the wildfires began last month.
For example, broker XM has given €5m to support efforts, with Rostro Group giving €100,000.
Wildfires are not uncommon in Cyprus but have been much larger than usual this year. They have also impacted Limassol specifically, which is where most brokers on the island have their base of operations.
“We sincerely appreciate the willingness of Capital.com and its employees to contribute €50,000 to the Cyprus Red Cross Society, to be used in the most effective way to support the families and individuals affected by the recent wildfires,” said Papadopoulou.
