Republic Bank Guyana has expanded its services to the Williamsburg, Berbice community with the opening of a new branch on Saturday.
The new facility replaces the Rose Hall branch, and represents an investment of $1.2 Billion.
According to the Chairman of Republic Bank, Nigel Baptiste, the bank will continue to make investments in Guyana as it focuses on sustaining relationships that will endure and generate mutual trust and benefits.
“We believe that these relationships can only thrive if we serve you in a manner that best satisfied your evolving needs”, he said.
He has promised that the new branch will offer an enhanced banking experience to its customers, which will be matched by an experienced and knowledgeable staff.
Mr. Baptiste said the bank’s vision for innovation and expansion will continue across Guyana, indicating that the bank’s expansion plans will continue with pace “wherever there is opportunity to uplift communities and positively impact lives”. He noted Guyana’s growing economy and expanding business sector, and Republic Bank’s happiness to be part of that journey.
The new spacious and modern facility spans 14,755 square feet, which is almost four times larger than the facility it has replaced at Rose Hall.
The Williamsburg branch will offer a wide range of banking services, including in-branch banking options and access to Republic Online for internet banking. Customers can also use dedicated terminals in the banking hall for online banking services. Additionally, the branch features point-of-sale terminals for Republic One card transactions.
In congratulating Republic Bank for its investment and support of the local economic drive, President Irfaan Ali articulated his vision for the nation’s economic transformation, especially in the Berbice region.
While noting the region’s agriculture and business sectors, the President said his administration will continue to support the growth and expansion of businesses. He announced the Government’s ongoing plans to revitalize the sugar industry in the region.
“As I speak to you now, we’ve just finalized an arrangement to reintegrate an additional 5000 hectares of land in Skeldon into sugar production. These lands will undergo mechanization, supported by the cultivation of a new variety of canes carefully selected for their suitability to the region. Our aim is not only to meet this year’s targets but to surpass them, setting the stage for even greater achievements in the years ahead.”
Amidst this determination, ambitious plans are underway to modernize operations, mechanize sugar lands, and provide workers with the necessary skills to drive the sector towards a future marked by sustainability and resilience.
Looking beyond the traditional sectors, the President also unveiled ambitious plans to diversify the economic landscape of the Berbice region, while capitalizing on the region’s natural competitive advantages in aquaculture and shrimp production.
“We see Berbice as having certain natural competitive advantages in aquaculture and shrimp production,” President Ali remarked, emphasizing the region’s potential.
In the emerging sectors, the President highlighted the region’s potential for transformation, with substantial investments earmarked for tourism, healthcare, and education.
Despite the solid foundation of the banking sector, President Ali urged the banking sector to make strategic adjustments to accommodate the expansion of the economy.
He commended Republic Bank for responding to the market needs with its investment, emphasizing the importance of “wise and prudent decisions’ in driving economic and financial prosperity for the region.
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