Posted: Friday, July 19, 2019. 3:49 pm CST.
By Aaron Humes: Belize’s largest bank, the Belize Bank Limited, has expressed interest in opening operations in Guyana.
According to Caribbean360, the bank’s executive chairman and C.E.O. Lyndon Guiseppi and company secretary to Caribbean Investment Holdings Limited (CIHL), Phillip Osborne, this week are in the South American country, a member of CARICOM and along with Belize – the only English-speaking countries on the continental American mainland south of the United States and Canada.
During a courtesy call on Guyanese Prime Minister Moses Nagamootoo, Osborne disclosed that the bank’s interest was sparked by the imminent production of oil and the promotion of Guyana as the potential fastest growing economy in the world. He noted that their banking portfolio in Belize and other Caribbean states concentrates on agricultural sector investment.
Acknowledging the investor’s confidence in Guyana, the Prime Minister encouraged them to pursue their interest with the relevant authorities.
The Belize Bank claims descent from the Bank of British Honduras established in 1903, and after many years under the control of Royal Bank of Canada was returned to Belize-British control in a buyout by Lord Michael Ashcroft and other investors in 1987.
Its assets total around $880 million, or about 73% of the national budget. It operates one international branch in Turks and Caicos Islands and has an affiliate offshore bank, Belize Bank International Limited.
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