Flood-hit borrowers must be recommended for GBTI's collateral-free loans PDF  | Print |
Written by Denis Scott Chabrol   
Friday, 10 June 2011 10:09
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The GDF's Y-12 aircraft delivering relief supplies to Region 9 (GINA photo)

Residents in Region Nine- Upper Takatu/Upper Essequibo- are to get collateral-free loans from the Guyana Bank for Trade and Industry (GBTI) but regional authorities will first have to vouch for their integrity before the cash is delivered.

 
World Bank provides line of credit to GBTI for Guyanese businesses PDF  | Print |
Written by Denis Scott Chabrol   
Thursday, 30 December 2010 00:07
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Mr. John TraceyThe Guyana Bank for Trade and Industry (GBTI) has secured a revolving US$5 million line-of-credit from the International Finance Corporation, the private sector investment arm of the World Bank. 

GBTI’s Chief Executive Officer, John Tracey told the formal opening ceremony of the Diamond Village branch, East Bank Demerara that the new credit facility with direct links to more than 200 banks in at least 100 countries would be fillip for Guyana’s business community. 

“This facility is being made through GBTI after the IFC carried out a rigorous examination of our systems and our balance sheet over many months this year,” he said.

 


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