CIBC partners with Toronto Pearson to offer 'first class' banking experience
at Canada's largest airport
Multi-year deal will see CIBC become exclusive Financial Institution sponsor
of the Airport
TORONTO, Dec. 5, 2013 /CNW/ - CIBC (CM: TSX) (CM: NYSE) and the Greater
Toronto Airports Authority (GTAA) are proud to announce an innovative new
partnership focused on enhancing the travel experience for the more than 35
million passengers that pass through Canada's largest airport every year.
The multi-year partnership, which establishes CIBC as the GTAA's exclusive
Financial Institution sponsor, is part of CIBC's continued commitment to
providing Canadians with innovative banking solutions.
"CIBC is excited to partner with the GTAA in its efforts to enhance the travel
experience for passengers at Canada's largest Airport, including providing
financial services," said Stephen Forbes, Executive Vice President, CIBC. "The
reality is, most people now spend a couple of hours at the Airport before
their flight. Having the ability to take care of your financial needs at
Toronto Pearson is another example of how, as a CIBC client, you can bank
where, how and when you want."
"This partnership with CIBC shows that we are willing to work with outstanding
Canadian and international brands with the objective of adding value for
passengers and employees," said Howard Eng, President and CEO at the GTAA.
"The GTAA and CIBC are both showing their commitment to improved customer
service and in-terminal amenities.We believe that this partnership with CIBC
will generate new and innovative ways to serve passengers and employees
throughout the Airport. Through this collaborative relationship, two great
companies will enhance their collective customers' experiences."
Under the partnership, CIBC clients and travellers at large will benefit from
having access to financial services through Airport branches, ABMs, mobile /
online banking and marquee activation areas throughout the Airport. These
special areas are designed to address the needs of business travellers,
newcomers and families with kids.
"We've all had the experience of making a last minute visit to the bank before
a trip - whether it's to pay a bill, get cash or travel insurance, or complete
other banking transactions," added Mr. Forbes. "Through this partnership,
travellers will now have the flexibility to meet all of these needs at the
Airport through CIBC."
Toronto Pearson employees, who are critical to the operation of Toronto
Pearson, are a priority to the GTAA. To align with the GTAA's commitment to
employees, CIBC will also provide special benefits and full service banking
offers to the more than 40,000 employees who work at the Airport.
This announcement follows the launch of the enhanced CIBC Aventura Travel
Rewards program earlier this year, which gives CIBC clients the flexibility to
redeem their Aventura Points for travel on any airline, access every seat on
the plane, and pay for flight taxes and fees with their points, along with
numerous other benefits.
CIBC, the first bank in Canada to launch a Mobile Banking App, also recently
extended its suite of mobile banking innovations by becoming the first of the
major banks to offer eDeposit, a new feature that lets personal and small
business clients deposit cheques to their CIBC account simply by taking a
photo of the cheque with their mobile device.
"Our partnership with the GTAA allows us to display our full banking
innovation and convenience capabilities in the largest and most vibrant retail
space in the entire country," added Mr. Forbes. "We look forward to working
with the GTAA to ensure its passengers and employees get the very best banking
capabilities in a way that enhances their overall travel experience."
About Greater Toronto Airports Authority
The GTAA is the operator of Toronto Pearson International
Airport,Canada'sbiggest airport and one of the largest airports inNorth
Americain terms of passenger and air cargo traffic.In
2012,TorontoPearson handled 35 million passengers and is ranked
2(nd)largest in international passenger traffic inNorth America.The
focus of the GTAA continues to be on competitiveness, growing the Airport's
status as an international gateway, meeting the needs of our passengers and
ensuring the long-term success of the organization, our airline customers and
the regional economy. Join Toronto Pearson on Facebook and Twitter
CIBC is a leading North American financial institution with nearly 11 million
personal banking and business clients. CIBC offers a full range of products
and services through its comprehensive electronic banking network, branches
and offices acrossCanada, and has offices in theUnited Statesand around
the world. You can find other news releases and information about CIBC in our
Press Centre on our corporate website at www.cibc.com.
Kevin Dove, Head of External Communications, CIBC, 416-980-8835,
Toronto Pearson Media Office Phone: 416-776-3709
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-0- Dec/05/2013 10:24 GMT
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