The High Court today ruled that the Guyana Bank for Trade and Industry Limited (GBTI) breached an implied contractual duty of good faith when it terminated several accounts of candidates for the WIN party last year. The decision was handed down by Justice Nicole Pierre.

A number of local commercial banks cut ties with WIN party candidates ahead of the General and Regional Elections last year. The Leader of the WIN party, Azruddin Mohamed and a number of his businesses were sanctioned by the US Government more than a year before the formation of the WIN party and the party’s participation in the 2025 elections.

While the Banks did not state the reasons for the termination of the accounts of the candidates, it was suspected that the decision was linked to their association with the party’s leader.

GBTI intends to appeal the decision of the High Court.

The bank today said while it respectfully notes the Court’s findings, it has taken the decision to appeal certain findings in the ruling, remaining unwavering in its commitment to upholding the highest standards of regulatory compliance and risk management, Acting responsibly and prudently in protecting the financial system and Continuously strengthening its policies, procedures, and decision-making frameworks.

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