Citizens Bank Guyana has officially opened its new Bartica Branch, and according to the Bank’s Managing Director, Ethan Chester, the opening of the new branch not only signals confidence in the country’s economy, but will make the life of its customers easier.
Chester said the new Branch will replace the Bank’s smaller location in the region which was opened in April, 2000 and which has outgrown its capacity to deliver efficiently and effectively to clients and stakeholders.
“It’s a celebration of progress, confidence and partnership. It reflects our belief in the future of Bartica, our commitment to the people of region 7 and our confidence in the continued growth and development of Guyana,” Chester said.
According to Chester, all transactions which are conducted at the previous Bartica branch will now be conducted at the new location including night deposits and expanded online facility.
The new three- story facility will also feature several new amenities including parking and a section for customers to be given a run through of the Bank’s digital banking platform.
The new facility will also include expanded customer service areas, upgraded banking technology, a drive-thru ATM, improved accessibility features and a dedicated digital support zone to assist customers with online banking services and financial education.
Chester said since operating in Bartica, the Bank has been serving the community well and has been making steady progress.
“Since its establishment, the bank has disbursed loans exceeding $5.5B, helping to finance homes, businesses, transportation, equipment and other productive investment throughout the region. Notably approximately $1.8b of those loans were disbursed during the past five years alone, reflecting the economic activity within the region,” Chester noted.
The Bank’s Managing Director also announced a further reduction in the bank’s mortgage interest rate, noting that persons can borrow up to $30M at reduce interest rate of 4.6%, down from 4.9%.
The Bank has also removed the legal fees from its loans.
Meanwhile, President Irfaan Ali credited Citizen’s Bank for the role it continues to play in the country’s economy in financing the private sector for national development. He said the creation and expansion of Citizens Bank has been vital for the country’s economy.
“This commissioning is happening at a time when the banking sector is demonstrating remarkable strength and stability. Our banking system remains strong, our banking system remains resilient and our banking system remains well-regulated. It is important that our banking system demonstrates all of these characteristics,” the President noted.
Citizens Bank which was incorporated in 1993 is owned, managed and staffed by Guyanese.
The Bank has ten branches across the country.
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