Republic Bank commissions $508M D’Edward branch

Oct 19, 2014 News

By Leon Suseran
President Donald Ramotar officially opened Republic Bank’s new branch at D’Edward Village,

President Donald Ramotar, assisted by other officials and Minister Singh, cut the ribbon into the new Republic Bank, West Berbice branch.

West Bank Berbice yesterday afternoon. The branch was previously housed at Rosignol Village, West Berbice, but was expanded and newer and more modern banking facilities added. The new branch promises its customers a spacious, modern, energy efficient and comfortable environment. The facility is outfitted with two Automated Teller Machines, with provision for a third.
Construction of the facility commenced in October of 2013 and was completed in September of this year. The $508M project boasts the status of the largest Republic Bank branch in East and West Berbice and will have a staff of 26 inclusive of the Manager, Mr. Imran Saccoor. The edifice was designed by architects Mr. Albert Rodrigues and Mr. Deonand Dass, while the building contractors were Messrs. Mohamed Raffik and Javed Raffik of Raffik & Sons Construction Services.
The facility boasts retail and commercial deposit and credit facilities; residential mortgages, foreign banking and card services as well as electronic banking.
Mr. Derwin Howell, Member of the Board of Directors of Republic Bank (Guyana) Limited during his address linked the opening of the facility with the solidification of the bank’s vision to strengthen relations with Region Five. The bank’s journey to West Berbice, he added, began 16 years ago. “It is this vision that guides our strategic focus for expansion, upgrade and innovation,” he posited.
He boasted about the financial institution’s laudable customer service which he added has defined

The spanking new West Berbice Republic Bank.

the bank’s corporate character, “and differentiated us for providing banking services in Guyana…At the beginning of this project, our vision was one of fulfilling the needs of our West Berbice customers in an environment that reflects the value we place on our relations with customers…”
Howell added that the opening of the new branch symbolizes, “our having achieved our objective, as customers can expect an enhanced banking experience—delivered in a superior physical environment by our friendly, courteous and knowledgeable staff.”
The official noted too that the bank has also commenced a series of staff volunteerism activities focused on improving the environment in D’Edward Village. “Our vision to set the standard of excellence in banking for our stockholders, customers and staff has, over the last thirteen years, seen us introduce new facilities in Georgetown, Vreed-en-Hoop, Anna Regina, Diamond and more recently, Lethem at a total cost of over GY$3B.” He added that expansion plans are underway on the land which was acquired at Triumph, East Coast Demerara and plans are afoot for the construction of a new branch at Rose Hall Town, Corentyne.
President Donald Ramotar, while delivering the feature address, said that the bank’s new edifice and expansion is an outward act of confidence in Guyana’s economy. He spoke at length about the, “growing confidence investors have in Guyana.” He labeled the institution as the “Number one financial institution in the Caribbean.” The Guyanese leader thanked the bank for expanding its services outside of the capital city, bringing their services closer to the rural areas. “Over two decades ago, everything of this nature (banking) had to be done in the city of Georgetown, and now, more and more, these are being made available throughout the different areas of our country.”
Ramotar then talked at length about the No- Confidence Motion in the Parliament. He charged the bank to make it easy for loans to be accessible by small and medium businesses in our society.
“Allow me to congratulate the Management of Republic Bank for bringing this facility closer to our people, and to congratulate all those who were involved in the project—here it stands with pride in the community…and hopefully it will stimulate further investment—further development, create more jobs within the society, and give people more choices.”
President Ramotar was assisted by Mr. Howell and Mr. John Alves, Managing Director as well as Minister of Finance, Dr. Ashni Singh in the cutting of the ribbon and unveiling of the plaque. The officials were then involved in a brief tour of the banking hall and rooms.

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