[www.inewsguyana.com] – The achievements of Demerara Bank were celebrated when the indigenous financial institution celebrated its milestone anniversary with the launch of its “Signature and Classic Visa Cards” on Wednesday, December 10.
President Donald Ramotar was among those on hand to witness the launch and the presentation of tokens to bank employees who joined the institution when it was launched in 1994.
Giving brief remarks, the President said that management and staff must be congratulated for their achievement.
He said he could have imagined the excitement of the late President Dr Jagan who also encouraged strong local business involvement in the economy. This, the President said was a dream of his, to see local businesses thrive.
He noted that Guyana has developed and the conditions have been put in place for the economy to grow rapidly. The President cited the highs and lows of the local education standards which coincide with that of the economy’s, and said the next step is to put the infrastructure in place to build on this.
He said the bank is now well placed to take advantage of a “growing and vibrant economy…. and grow from strength to strength”.
The growth of Demerara Bank, according to Finance Minister, Dr. Ashni Singh, mirrors that of the “growth evolution and changing face of the country as a whole”.
He noted that the story of how the bank was conceptualised, and began operations, is well known, but the changes since then must be appreciated. He cited the fact that the local financial system was not as integrated with the international system as it is today.
Brief remarks were also given by the Bank’s Chairman Dr. Yesu Persaud who thanked all those who made the bank’s success possible and said his motto was simply to never give up.
The bank’s Chief Executive Officer Pravinchandra Dave also spoke of the his vision for the bank’s continued success, as he too thanked those who made it all possible, before ending with singing a verse from a traditional Hindi song about thanksgiving.
The Signature and Classic Visa cards’ benefits were explained by Manager Jerret Morgan. The first set of approved cards, were handed out to selected customers of the bank, with Minister Dr. Singh receiving the first. Thirteen employees were then presented with certificates and other tokens of appreciation for their 20 years of service. [Extracted and modified from GINA]