GUYANA
Caribbean
Community Secretariat (CARICOM)
(Honorary Member)
Secretary General:
Mr. Edwin Carrington
CAIB Rep: Mrs.
Enid Bissember
Senior Project
Officer, Economic Policy
P.O. Box 10827,
Turkeyen, Greater Georgetown, GUYANA
Tel: (592) 222
0001-75, Fax: (592) 222 0171
E-Mail: enidb@caricom.org
Website:
www.caricom.org
In 1972,
Commonwealth Caribbean leaders at the Seventh Heads of Government Conference
decided to transform the Caribbean Free Trade Association (CARIFTA) into a
Common Market and establish the Caribbean Community, of which the Common Market
would be an integral part. The signing of the Treaty establishing the Caribbean
Community, Chaguaramas, 4th July 1973, was a defining moment in the history of
the Commonwealth Caribbean. Although a free-trade area had been established,
CARIFTA did not provide for the free movement of labour and capital, or the
coordination of agricultural, industrial and foreign policies.
The Community has the following objectives:
(a) improved standards of living and work; (b) full employment of labour and
other factors of production; (c) accelerated, co-ordinated and sustained
economic development and convergence; (d) expansion of trade and economic
relations with third States; (e) enhanced levels of international
competitiveness; (f) organisation for increased production and productivity; (g)
the achievement of a greater measure of economic leverage and effectiveness of
Member States in dealing with third States, groups of States and entities of any
description; (h) enhanced co-ordination of Member States' foreign economic
policies; and (i) enhanced functional co-operation, including:– i) more
efficient operation of common services and activities for the benefit of its
peoples; (ii) accelerated promotion of greater understanding among its peoples
and the advancement of their social, cultural and technological development;
(iii) intensified activities in areas such as health, education, transportation,
telecommunications.
Citizens Bank Guyana Inc.
Managing Director: Mr T Alan Parris
210 Camp & Charlotte Streets, Lacytown, Georgetown, GUYANA
Tel: (592) 226 1708-9, Fax: (592) 227 8251
E-Mail: citizensbank@inetguyana.net
Citizens Bank
Guyana Inc. was incorporated in Guyana in November 1993 and began operations in
November 1994 with 100% of its capital being held by Citizens Bank Ltd
(Jamaica). In October 1998, the 70% interest held by Citizens Bank of Jamaica
was acquired by local shareholders resulting in Banks DIH Ltd. holding 51%,
Hand-in-Hand Mutual Fire Insurance Co Ltd. 17.5%, Continental Group of Companies
15.5% and the remaining 16.5% being held by 62 shareholders. The bank currently
has (8) ATMs, located at each of their (4) branches and at strategically
convenient points around the capital of Georgetown. The locations are as follows
(1) Camp Street, Georgetown, (2) Parika East Bank of Essequibo, (3) Bartka,
Essequibo River and (4) Thirst Park, Georgetown. The mission of Citizens Bank
Inc is “To attain Distinguished Leadership through a team of Professionals
delivering Innovative, Superior Service to our Customers.” Citizens Bank
Guyana Inc is currently staffed by (92) employees and had an asset base of US$
78.2 million as at September 2005.
Guyana Bank for Trade and Industry Ltd.
Chief Executive Officer: Mr
Radhakrishna
Sharma
CAIB Rep: Mr. John Tracey, Director - Credit
47-48 Water Street, P O Box 10280, Georgetown, GUYANA
Tel: (592) 226 8430-9, Fax: (592) 227 1612
E-Mail: banking@gbtibank.com
Website: www.gbtibank.com
The Bank has a
rich and successful history that dates back to the establishment of the first
commercial bank in British Guiana in 1837, and was part of the Barclays Bank
network up to 1987. In 1987, Barclays Bank sold their local operations to the
Government of Guyana, and the Bank was renamed Guyana Bank for Trade and
Industry Limited. In 1991, the GBTI became a public company and now has over
1,800 shareholders, including a majority shareholder. GBTI provides an
extensive range of services to its corporate and individual clients through its
(7) countrywide branches. The Bank offers savings accounts for the various age
groups: Early Savers Accounts (birth to 17 years); Prime Life Accounts (55 years
and over) and Statement Savings Accounts (linked to the ATM Service). A range
of business and investment accounts cater to individuals and the business
community, and financing is offered under the GBTI Quality Lifestyle and
Commercial Loan Plans. The Bank also provides international business services
such as money transfer, bills collection, bills discounting, and pre-export
financing; and technology-based services such as Telephone Banking and Debit
Cards for its network of (11) ATMs and Point of Sale Terminals located
throughout the country. Over the years, the Bank has built up a reputation for
innovation, and maintains a constant focus on providing efficient and quality
service to its customers. The Bank also has a reputation for good practices as
a responsible corporate citizen in its significant contributions to various
aspects of life in Guyana. The Bank has market share of 20% in assets, 20% in
deposits, and 17% in lending. GBTI is the second largest commercial bank in
Guyana, with an asset base of US$158 million at December 2005.
Hand-in-Hand Trust Corporation Inc.
General Manager: Mr Hewley Nelson
62-63 Middle Street, P.O. Box 10569, North Cummingsburg
Georgetown, GUYANA
Tel: (592) 227 1772, Fax: (592) 226 9971
E-Mail: trustco@gol.net.gy
Website: www.gncbtrust.com
Hand-in-Hand Trust
Corporation Inc., formerly GNCB Trust Corporation Inc., was incorporated in 1971
as a wholly owned subsidiary of the Guyana National Cooperative Bank Ltd. with
its own Board of Directors. In 1977, it was incorporated as a public company and
is the largest fund manager in Guyana. The company has been privatized and is
now owned by Hand-in-Hand Mutual Inc. Insurance Company Ltd and is staffed by
(45) employees. Its mission is "to complement the services provided by other
institutions the sum of which is the improvement of the quality of life of the
people of our community". Its asset base stood at US$ 30.9 million as at
June 2005.
Republic Bank (Guyana) Limited
Managing Director: Mr Michael Archibald
P.O. Box 10440,
Promenade Court, 155-156 New Market Street,
South Cummingsburg, Georgetown, GUYANA
Tel: (592) 223 7938-49, Fax: (592) 233-5007
E-Mail:
email@republicguyana.com
Website: http://www.republicguyana.com
Republic Bank
(Guyana) Limited formerly National Bank of Industry and Commerce Limited (NBIC)
has been part of Guyana's landscape for almost 17 decades. It is the successor
to the British Guiana Bank which commenced operations in 1837. In 1914, British
Guiana Bank's operations were sold to the Royal Bank of Canada, which was then
acquired by the Government of Guyana in 1984, and vested in the National Bank of
Industry and Commerce Ltd. In October 1997, 47.5% of the shares held by the
Government and the National Insurance Scheme was sold to Republic Bank Limited
of Trinidad and Tobago, which today holds 51% of the stockholdings of the bank.
Republic Bank (Guyana) Limited operates from (11) locations with a total staff
of (569) as at August 31 2006. The Bank’s mission “is to provide
Personalized, Efficient and Competitively priced Financial Services and to
Implement Sound Policies which will redound to the benefits of our Customers,
Staff and Shareholders”. It aims to provide leadership in banking and other
financial services by delivering the highest quality service and respect to it’s
customers, supporting an environment for maximum job satisfaction and career
development for it’s employees, ensuring an optimum return on investment to it’s
shareholders, maintaining financial stability, integrity, confidence and social
responsibility, realizing it’s commitment to the economic development of Guyana,
through the use of modern technology and continuous innovation. The Bank has a
total of (24) ABMs nationwide and its asset base as at September 2005 was
approximately US$298.2million.
