[www.inewsguyana.com] – The establishment of yet another bank branch is not only an achievement for the financial institution, but for the entire country, President Donald Ramotar said, at the opening of a Citizens Bank branch in New Amsterdam.
The Head of State said that all these investments augur well, as they “show that we are not talking about no-confidence; we are talking about confidence in our economy as a whole. Both local and international investors have seen the merit of investing in Guyana.”
In congratulating the institution’s officials, the President said that “clearly they have recognised that this area is one of the most important areas for economic growth in our society.”
He noted that Guyana has moved from a heavily indebted poor country, to a middle income country, and that it has the right conditions that can take it to a developed country status in a short period of time.
“Over the years we have put back a lot of our infrastructure in place to keep our economy going, but in order to reach to that other level we need new infrastructure, and that is why we have initiated projects like the Amalia Falls, and that project makes very great sense for every single person of this country. Everyone would have benefited,” he said.
Meanwhile, Chairman of Citizens Bank, Clifford Reis said that the event marks the honouring of a demand some five years ago.
“The bank has always enjoyed a relationship with the citizens. To the citizens of the wider Berbice, this is your bank and we are here to provide a service that is second to none,” he assured the residents.
Citizens Bank with its headquarters located at Camp Street, Georgetown has assets of $40.7 billion. The bank provides retail and corporate banking services through six full- service branches to a customer base of more than 43,878 with a staff complement of 129. [Extracted and modified from GINA]