Guyana Bank for Trade & Industry Ltd. (GBTI)

Persons engaged in Christmas shopping on Water Street received an early Christmas treat as the GBTI Staff treated them to Carol Singing in front of the Water Street Branch on Tuesday, December 18, 2007, from 17:45 h.

Earlier in the afternoon staff also visited the New Nazareth Homestead where residents were given hampers and snacks and also treated to caroling.

The caroling continued around Georgetown by bus as the Staff enjoyed the festive season.

The Vreed-en-Hoop community was treated to a spectacular evening of carols, dances, poems and drama when the Vreed-en-Hoop Branch held its Annual Christmas Cultural Evening on Sunday, December 16th, 2007.

The programme included performances from schools and churches within the West Coast and West Bank area. Invitees were also treated to a medley of carols by GBTI staff.

Mrs Rambha Persaud-Chandebal – Manager of the Branch, in welcoming the invitees noted that the event is meant to strengthen ties between the Branch and the community and reiterated the Branch’s commitment to serving the residents of the area in an efficient and friendly manner. Mr John Tracey – Director Credit conveyed a message on behalf of Management of the Bank.

On Wednesday, December 12, 2007 the Bank launched its 2008 Almanac, under the theme “The Beauty of My Native Land.” The programme included presentations by Honourable Manniram Prashad, Minister of Tourism, Industry & Commerce, who gave the feature address. Mr Radhakrishna Sharma, Chief Executive Officer, also spoke at the ceremony which was chaired by Mr Sean Noel- Officer-in-Charge, Research & Planning Department.

In 2001, GBTI initiated an approach using its Annual Almanac as a medium for the presentation of the perspectives of young people in the society, with the aim of encouraging them to adopt positive values and attitudes. Over the years, the Almanac has featured such themes as “Expressions” – 2002, “Young Achievers” – 2003, “At Home with My Family” – 2004, “Celebrating Our Diversity” – 2005, “Making A Difference for our Environment” – 2006 and “The Value of Team Activity” – 2007.

The theme for the 2008 Almanac was chosen to highlight beautiful locations in our country as potential tourist sites. Many of our nation’s natural treasures are often magnified but much more of our beautiful locations that give life to our splendid land remain largely unknown to many. The 2008 Almanac brings into focus and celebrate some of the many parts of our nation’s beautiful landscape and tourist destinations through the eyes of our young people.

Six entries were chosen to appear on the 2008 Almanac, and, along with another six outstanding entries are being displayed in the Bank for the month of December 2007.

The Guyana Bank for Trade & Industry on Tuesday, December 12, 2007 hosted a luncheon for members of the media at the GBTI Recreational Centre.

Mr John Tracey, Director-Credit, in his brief remarks to the attendees, thanked them for their support through the past year.

2007-12-08 - PARIKA BRANCH HOSTS 3RD ANNUAL LUNCHEON FOR UNDERPRIVILEGED CHILDREN.

Our Parika Branch on December 8th, 2007 hosted its 3rd Annual Christmas Luncheon for underprivileged children. The luncheon was attended by 50 children from the Philadelphia Primary School, Zeelugt Primary School, Maryville Primary School (Leguan), Grace Pentecostal Church and the Bethel Boys Home.

The activities included performances by the children, a talk on Christmas by Pastor Saffee Rahaman of the Grace Pentecostal Church and a short address by Regional Chairman, Region # 3, Mr Julius Faeber, who encouraged them to enjoy the season but also be careful on the roadways.

After lunch the clown came, and the children were taken through games, dances and face painting. Gifts were given to all the children by Santa Clause who arrived shortly after.

The teachers of the various schools expressed their thanks towards the Bank for the gesture and stated that the children thoroughly enjoyed the treats.

In support, of the dedicated work of charitable organisations, the Bank held its Annual Donations Presentation on Wednesday December 5th, 2007, where seven organisations received donations to assist with their efforts.

In her address to the recipients, Ms Collette Lyken, Officer-in-Charge, Human Resources and Administration, who chaired the programme, commended the organizations for their commitment towards helping those in need and restated the Bank’s commitment to continued support.

The recipients of donations were: Uncle Eddie’s Home, Guyana Cancer Society, Dharmic Radha Krishna Primary School, David Rose School For The Handicapped, Dharm Shala Benevolence Home For All Races, Central Islamic Organisation of Guyana and the Guyana Red Cross Society.

Ms Narpattie Singh of the Dharmic Radha Krishna Primary School spoke on behalf of the recipients and in acknowledging the donation, observed that the charitable organisations represented are greatly motivated by the generosity of the Bank.

On Wednesday, December 5th, 2007 the Bank presented the prizes to the winners of the Annual Primelife Club Prize Giveaway. The Annual Prize Giveaway allows two lucky account holders to win a trip for two to Baganara Resort and a Dinner Gift Certificate for two. This year’s winners are: Mr Norman Friday and Mr Siewnarine & Mrs Rajpattie Siewnarine account holders of our Water Street & Vreed-en-Hoop Branches respectively. The prizes to the winners were presented by Ms Hermia Cumberbatch – Junior Manager.

GBTI Primelife Club Account holders benefit from higher rates of interest on their savings, free ATM and Telephone Banking services, higher rates of exchange on foreign currency transactions, concessionary rates on loans, no ledger fees, discounts at participating stores, and annual prize giveaways.

Our Anna Regina Branch held its 7th Annual Kiddies Christmas Party on December 1, 2007. This party is held for members of our Early Savers Club. Approximately one hundred and thirty (130) children were in attendance accompanied by their parents / guardians.

Santa, the clown and staff of the Branch drove from Richmond Village passing through Anna Regina to Reliance and shared sweets to children along the way, then back to the Branch.

The festivities commenced upon the arrival of the Santa and his helpers. The children participated in lots of games, face painting, dancing, etc hosted by the clown. Each child received tokens for their participation in these activities. Gifts were also given to the children by Santa Claus.

Goody bags, snacks and beverages were shared to the children and their accompanying parent.

The Guyana Bank for Trade and Industry (GBTI), at a cocktail reception at the Bank's Recreational Centre on Thursday, November 29, 2007, launched four credit cards, including two that can only be used locally.

The GBTI Visa Gold card with a limit of US$10,000 and the GBTI Visa Classic Card with a limit of US$5,000 can be used both locally and internationally. The GBTI Gold Card with a limit of $1 million and the GBTI Classic Card with a limit of $500,000 can only be used in Guyana.

Mr. Radhakrishna Sharma, Chief Executive Officer, in his address to the gathering, stated that the aim in this card strategy is to reduce the use of cash by customers and allow them to improve their personal security. "The levels of crime directly related to our cash based payment system dictates that we seek a credible and reliable alternative, such as offered in the plastic card environment." He noted however, that the success and benefits of the varied card products can only be realized and enjoyed if citizens fully embrace them to give meaning to the benefits the offer - security, reliability and convenience.

The CEO called for the adoption of a culture in financial transactions that accommodates card technology adding that "our legal systems and business rules must be tailored to provide the coverage that is required when doing business using plastic cards". He stated that such a partnership approach between regulatory, legal, business and consumer agents will facilitate smooth and hassle free electronic commerce to the overall benefit of the country's economy.

Chairman of the Bank, Mr. Robin Stoby, in brief remarks, declared that the VISA cards "give you the power to make credit purchases worldwide". He stated that anyone can apply noting that what is expected is the customer to show creditworthiness and the ability to repay. He asserted that the offering of the cards was not motivated by profit and stated that the fees charged are negligible when compared to the real cost of the service.

At the ceremony, a promotion was announced which will see no interest being charged for the first three months of the card being issued following which a draw will be held in the four categories where $100,000 will be awarded to the winner of each category. Persons interested in applying for the Credit cards have to be over 18 years and can collect an application form from any of GBTI's branches.

2007-11-29 - PARIKA BRANCH PRESENTS BEST GRADUATING PRIZE TO ZEEBURG SECONDARY SCHOOL

On November 29th, 2007 our Parika Branch presented a trophy to the Best Graduating Student in Biology and Physics. This marks the second year that the Branch has presented this prize.

The trophy was presented to Ms Sabreena Farouk by Mr Safwaaz Hanif, Supervisor of our Parika Branch.

Our Corriverton Branch on Sunday, November 25, 2007 hosted its Signature Activity - A cycling event.

The cycling event attracted approximately 40 riders, ages ranging from 12 to 49 years old. The event commenced at the Branch, then proceeded to the No 62 Toll Station and back.

The winners in the various categories were as follows:
OPEN:
1st – Neil Reece
2nd – Michael Moore
3rd – Tony Alphonso
The winner’s trophy and all 8 sprint prizes were also won by Neil Reece

UNDER 16 GIRLS:
1st – Marika Dick
2nd – Vaneta Jaimangal
3rd – Christene Mathieson

Ms Roxanne Welcome, Manager of the Branch, in her address stated that the Bank was pleased to honour its social responsibility through this venture and hoped that the event would rekindle interest in the area of cycling and strengthen the relationship the Bank enjoys with the community.

The event was witnessed by Deputy Mayor Mr Jamna P. Gamandhi, other prominent persons and numerous residents.

2007-11-22 - VREED-EN-HOOP PRESENTS BEST GRADUATING PRIZES AT WEST DEMERARA SECONDARY SCHOOL

Mrs Rambha Persaud Chandebal, Manager of our Vreed-en-Hoop Branch on November 22, 2007 presented Book Prizes to the Best Graduating & Best Graduating Business students at the West Demerara Secondary School.

Ms Tijwantie Ramraj – Best Graduating Student
Mr Harideo Roopnarine – Best Graduating Business Student

The Branch presents these prizes annually and also conducts Career Guidance Sessions at Secondary Schools in the region.

Our Lethem Branch hosted a booth at the Rupununi Expo which was held on November 3rd and 4th, 2007 at the Rodeo Ground. The event is held annually to showcase local produce and services offered in the community.

The activities were declared open by Minister of Tourism, Honourable Manniram Prashad and was also attended by Honourable Minister Manzoor Nadir. Minister Prashad in his visit to the booth hosted by our Lethem Branch commended the Bank for operating a branch in the region.

Our booth was visited by approximately 500 persons who received information on the various services offered by GBTI, by the staff of the Branch. Tokens were distributed

Our Anna Regina Branch on November 15th, 2007 presented a trophy to the Best Graduating Student of the Cotton Field Secondary School.

The trophy was presented to Miss Gabriella Cornelius, by Ms Bebi Wharton, Manager of the Branch.

The Branch has through the years rewarded top students at various schools through the region. The Branch also participates in the Annual Career Fair.

Our Anna Regina Branch on November 8th, 2007 hosted its signature activity –Annual Diwali Cultural Evening. The event attracts huge support from the communities along the Essequibo Coast. Approximately 1150 persons were in attendance.

Ms Tagekumarie Dalchand, Supervisor’s Assistant, gave the closing remarks for the ceremony. Sweetmeats and beverages were served.

Our Anna Regina presented the First Prize in the Guyana Hindu Dharmic Sabha’s Essequibo Praant’s Annual Diwali Motorcade.

The motorcade was held on November 4th, 2007 and the Reliance Mandir’s entry was adjudged the winner.

Mrs Bebi Wharton, Manager of the Branch, presented the prize to the members of the mandir

The Guyana Hindu Dharmic Sabha West Demerara Praant Annual Diwali Motorcade was held on November 3, 2007.

Our Parika Branch participated in the event and presented the First prize in the small vehicle category. The Branch has been contributing to this activity for a number of years. The presentation ceremony was held at the Uitvlugt Mandir Compound.

Mrs Nandanee Persaud, Manager of our Parika Branch, presented the trophy and prize to Mr Lakeram Heeralall of the Murti Shop, winner of the first prize in the small vehicle category.

Our Parika Branch on October 11, 2007 donated five (5) gallons of road marking paint to the ‘D’ Division Community Policing Group. Mrs Nandanee Persaud, Manager of the Branch, presented their contribution to Mr Kain Singh, a representative of the Group.

This donation further strengthens the Branch’s commitment to road safety in Guyana. Each year the Branch repaints a pedestrian crossing within the community. On April 11th, 2007 the Branch repainted a crossing within the vicinity of the Farm Nursery School.

Mr Singh, in his remarks thanked the Branch for their support and lauded their drive towards road safety in Guyana.

Our Parika Branch on September 27, 2007 presented a cheque to Mr Motie Singh – Chairman of the Mora Parika Neighbourhood Democratic Council for the acquisition of a garbage receptacle.

Mr Singh, during the presentation ceremony, thanked the Branch for their contribution. This partnership with the council is expected to assist in the maintenance of the general environs

The Lethem Branch of Guyana Bank for Trade and Industry joined with the community in the activities to observe Amerindian Heritage Month 2007, held over the weekend of September 21 to 23, 2007.

The Branch participated in a forum held by the Regional Administration and took the opportunity to market the Bank’s products and services, and also donated the sum of twenty thousand dollars ($20,000) towards prizes for the activities held at the weekend.

This year Amerindian Heritage celebrations were observed under the theme, “Together, Let Us Celebrate Our Amerindian Heritage” The community of Lethem is home to approximately 6,000 Amerindians and GBTI opened its branch in the area in August 2006.

On Wednesday, September 19, 2007, the Parika Branch of Guyana Bank for Trade and Industry, as part of efforts at developing young people in the community, conducted a Career Guidance session for over fifty (50) students from the Fourth & Fifth Forms of the Essequibo Islands Secondary School, Wakenaam Island, Essequibo.

The session covered a range of topics relevant to their entry into the job market, including, careers in banking, how to complete a job application, preparing for the interview and conduct in the office and the need for a bank account. The session lasted over two (2) hours and the students were very attentive and interactive. The facilitators at the session were Mrs Nandanee Persaud, Manager, Ms. Marilyn Li, Senior Supervisor and Mr. Safwaz Hanif, Junior Supervisor.

The teachers in attendance expressed their thanks to the Bank for conducting the session and noted its relevance to the business curriculum at the school. The students also showed their appreciation by catering lunch and transportation for the facilitators at the end of the session.

Tokens and relevant brochures were distributed by the Branch to all in attendance.

On September 11, 2007 our Water Street Branch hosted an educational tour for fifteen students of the Cuyuni Mazaruni district. The tour was held as part of the activities planned for Amerindian Heritage month by the Ministry of Amerindian Affairs.

The students who were accompanied by two teachers were given a brief talk on the establishment of banking along with a brief history of GBTI by Ms Nadia Doodnaught, Salaries Clerk within the Human Resources Department. Mrs Dahana Ramjist, Marketing and Public Relations Officer described the various products and services offered by GBTI and explained the benefits of having an account.

Our Lethem Branch on September 10, 2007 presented eight school dictionaries to a reading programme organized by the Peace Corps Volunteers (Lethem) and the teachers of the Arapaima Primary School.

The activities for the project involved reading, story telling, games and distribution of prizes. The dictionaries are currently being used by the Arapaima Primary and other schools in the area.

Mr Surendra Samdass, Manager of our Lethem Branch in his remarks, stated that the Branch is pleased to contribute the programme which would foster the development of reading skills in youths. Mr Roderick George, Headmaster of the Arapaima Primary School, thanked the Branch for the dictionaries and stated they will be beneficial to the children.

On Friday, September 7, 2007 Bursary Awards were presented to ten (10) members of our Early Savers Club who were successful at the recent National Six Grade Assessment.

Mr John Tracey, Director-Credit of GBTI, in his congratulatory remarks to the awardees stated that the award is an incentive for them to continue to apply themselves to their studies at the secondary level with the same sense of discipline and purpose that enabled them to excel at the Grade Six Assessment.

Principal Education Officer in the Ministry of Education, Mrs Chandrakala Ramsammy, in her remarks congratulated the students for their excellent performances and urged them to remain committed to their studies in this their most important phase of their education.

The awardees, who obtained the highest marks and were selected out of 55 entries submitted, are:

Miss Jessica Anthony
Mas Pernell Christie
Miss Mariam Mobeen
Miss Regina Chand
Mas Saif Khalil
Miss Anara Khan
Miss Rosanna Bisnauth
Miss Kavita Khan
Miss Aaidah Bacchus
Mas Lawrence Bradford

Mrs, Dahana Ramjist, Marketing and Public Relations Officer of the Bank gave the closing remarks for the ceremony.

Our Regent Street Branch undertook its annual contributions to road safety in Georgetown when staff repainted five (5) pedestrian crossings on Sunday, September 1, 2007 at the following schools:

St Stanislaus College
Bishop’s High School
Alleyne’s High School
Winfer Gardens Primary
St Gabriel’s Primary

They were accompanied by Officer Jackson of the Guyana Police Force who lauded the Branch’s commitment to road safety in Guyana.

Staff of our Corriverton Branch were involved in repainting pedestrian crossings on August 26, 2007 in the Upper Corentyne area. The crossings repainted are at the following locations:

Corporal Wood, Officer-in-Charge of the Traffic Department of the Springlands Police Station, expressed the department’s gratitude to the Branch for its annual contribution to road safety in the community.

On August 24th, 2007 our Lethem Branch celebrated its 1st Anniversary. The Branch was decorated with flowers and balloons and throughout the day customers were given tokens and cake.

A cocktail was held in the afternoon for customers and staff. Mr Surendra Samdass, Manager of the Branch, thanked the residents for their support in the past year and look forward to their continued support.

Mr John Tracey, Director – Credit, cited that the Branch has surpassed management’s expectations and boasts a healthy lending portfolio.

2007-08-13 - PRIZES PRESENTED TO WINNER OF PROVIDENCE BRANCH "NEW ACCOUNT" PROMOTION

On Monday, August 13, 2007 our Providence branch presented prizes to the winner and surprise winners of the Branch’s “New Account” Promotion. The promotion was held during the period May 15th to July 31st, 2007.

When the promotion was launched one prize was allocated – a Whirlpool washing machine. However, due to the response, the Branch decided to award two surprise prizes – a 10 speed Blender and a Bar-B-Que Grill.

Mr Asif Shaw – (Early Savers Account holder) Washing Machine
Mr Jagdesh Rupie & Mrs Ruth Rupie - Blender
Mr Mohamed Subrati & Mrs Bibi Subrati – Bar-B-Que Grill

In her remarks, Mrs Melanie Blair, Manager of the Branch, thanked all the customers who opened their account during the period of the promotion and encouraged other residents to visit the Branch and take advantage of the many benefits available with GBTI.

Our Corriverton Branch hosted a booth at the Annual Berbice Expo and Trade Fair held during the period 20th July to 24th July, 2007.

Many persons visited the booth, where staff of the Branch distributed brochures and explained the various services of the Bank.

Our Anna Regina Branch, on July 13th, 2007 celebrated its 9th year in the provision of quality banking services to the residents and businesses on the Essequibo Coast.

As part of the activities to mark the day, snacks and tokens were distributed to customers who visited the Branch to conduct business. The Branch was decorated with floral arrangements, balloons and an Anniversary banner.

A cocktail reception was held in the afternoon, which was attended, by Mr John Tracey, Director Credit of GBTI, the Regional Vice Chairman, Mayor of Anna Regina, customers and staff.

In his remarks, Mr Mario Farinha, Manager, thanked the customers for their support and patronage over the years, and look forward to continued successful business relations.

Mr John Tracey, in his message, retraced the beginning of the Branch as a credit desk. He indicated that the community has been very supportive of the Branch from the inception and noted the progress seen in the region. Mr Tracey reiterated the Bank’s continued support of the Rice industry, which is the main source of income in Region 2.

In his brief remarks, Regional Vice Chairman, Mr Samaroo praised the Bank for its contribution to the region as well as the rice sector and other investment ventures. The Branch has given back to the community through donations and sponsorships, Career Guidance sessions, Annual Diwali Cultural Evening and a Christmas Luncheon for Early Savers members.

2007-07-05 - PRIZES PRESENTED TO WINNERS OF GBTI KAIETEUR CLASSIC ‘WIN A TRIP’ COMPETITION

On Thursday, July 5, 2007 winners of the 2007 GBTI Kaieteur Classic ‘Win A Trip’ Competition were presented with their prizes. The Competition was held for ATM and Point-of-Sale users during the period March to June 2007.

2007-06-25 - REGENT STREET BRANCH CONDUCTS CAREER GUIDANCE AT PRESIDENT’S COLLEGE

Our Regent Street Branch, on May 29th, 2007 conducted a Career Guidance Session at the President’s College, East Coast Demerara. The session was attended by forty nine (49) Fourth Formers and two Guidance Counsellors of the school.

The session was facilitated by Mrs Carol Seeraj, Manager, Ms Roxanne Welcome, Officer-in-Charge and Ms Keiola Blackman, Senior Supervisor. Presentations included the following topics:

Tokens were distributed to the students in attendance and the entire staff complement of the school. The Guidance Counsellors in thanking the Branch for the presentation remarked that the topics discussed were very helpful as, the students should take into consideration these factors when seeking employment.

On Thursday, May 31, 2007, the Bank presented the prizes to the winners of the annual Early Savers Club Gift Draw. Entry slips are given to account holders for every one thousand dollars deposited; these slips are completed and placed in a box at each Branch. Three lucky account holders are drawn and presented with prizes.

This year, the winners were Amber Piaralall, who saves at Water Street; Tennifer Gobin, who uses the Parika Branch; and Nakeila Gordon, who saves at the Vreed-en-Hoop Branch. The Prizes were presented by Ms. Collette Lyken, Officer-in-Charge – Human Resources and Administration following an address given by Mr Raymond Forde, Officer-in-Charge, Deposit Accounts.

The students were encouraged to continue their associations with the bank as such a relationship will ensure their success as they pursue their personal goals.

A 10 km race was organized by the Rupununi Athletic and Sports Academy on Independence Day, May 26th, 2007, in Lethem.

Our Lethem Branch sponsored the first prize in the Male and Female categories. The winner in the male category was Mr Railton I De Aravjo from Boa Vista, Brazil, while Ms Lynette Fiedtkou of Parishara Village, Rupununi copped the prize in the female category.

Twelve students of the Leguan Secondary School and their teacher benefited from an educational tour of our Parika Branch on Monday, April 30, 2007.

During the tour they were addressed on the History of Banking, History of GBTI and the Services offered by the Bank by Mrs Nandanee Persaud, Manager and Ms Marilyn Li, Senior Supervisor.

On April 14, 2007, our Regent Street Branch donated twenty two mosquito nets and a wall clock to the Cheshire Home.

The Home is managed by the Government and houses mentally and physically challenged individuals. Currently in residence are twenty two persons between the ages of 14 and 42 years old, the majority of whom are males. The residents are cared for by qualified nurses, who work three shifts per day.

The Administrator of the Home, Ms Carol Bailey, expressed her gratitude for the items donated particularly the mosquito nets, as the Home previously had none. Mrs Carol Seeraj, Manager of our Regent Street Branch presented the items to Ms Devika Raghunandan, a representative of the Home.

Staff of our Parika Branch, on April 11, 2007, repainted a pedestrian crossing near the Farm Nursery School.

This activity marks the Branch’s continued commitment to the welfare of the community. The crossing was repainted prior to school reopening after the Easter Holiday.

The Police Traffic Department has lauded the Branch’s contribution to the country’s road safety drive.

Our Lethem Branch presented the First Prize for the Bull Riding Competition at the Annual Rupununi Rodeo.

The presentation ceremony was held on Sunday April 8 2007, following the conclusion of the two day activities. The prize of fifty thousand dollars ($50,000.00) was presented to the winner of the category Mr Lauro Nogera by Mr Kevin Foo, staff of our Lethem Branch.

Fifteen students of Mc Kenzie High School accompanied by their teacher benefited from an educational tour of the GBTI Water Street Branch on Thursday, March 29, 2007. The students were from the Upper and Lower Six Forms and they selected to research the Bank for their Caribbean Studies course.

They were addressed on the history of banking, history of GBTI and services offered by the Bank by Mrs Dahana Ramjist, Marketing and Public Relations Officer and Ms Nadia Doodnaught, Human Resources Assistant.

Staff of our Anna Regina Branch, were engaged in repainting pedestrian crossings, on March 24, 2007.

The road crossings repainted are located at the C.V. Nunes Primary School in Anna Regina and the Taymouth Manor Primary School in Affiance, Essequibo Coast.

The Traffic Department commended the Branch for its contributions towards the Departments’ road safety drive.

Our Anna Regina Branch participated in the 7th Annual Career Fair held at the Johanna Cecelia Community High School on March 22, 2007.

The activities for the day commenced with a Cultural programme, including addresses by the Regional Chairman and the Regional Education Officer, followed by the viewing of the Booths.

Our booth attracted several hundreds of students along with teachers of various secondary schools. Staff of the branch offered information on various aspects of the Banking environment including, entry requirements, Careers in Banking, Preparing for an Interview, Dressing appropriately for an Interview, among others.

The booth also displayed photographs of various Community activities undertaken by the Branch. Tokens were distributed to persons who visited the Booth.

Guyana Bank for Trade and Industry (GBTI), on Thursday, March 15, 2007, opened its eighth branch at the Buddy’s International Hotel, at Providence, East Bank Demerara. The GBTI Providence branch will offer full banking services to householders and businesses on the East Bank of Demerara and guests who stay at the hotel. These services include savings and checking accounts, foreign business transactions, card facilities, night depository, and ATM. It will be headed by Mrs. Melanie Blair assisted by five other staffers.

Minister of Finance, Dr. Ashni Singh cut the ceremonial ribbon to open the facility in the presence of a small but distinguished gathering including GBTI Chairman, Mr. Robin Stoby; Chief Executive Officer, Mr. Radhakrishna Sharma; Governor of the Bank of Guyana, Mr. Lawrence Williams; Chief Executive Officer of the Local Organising Committee for CWC 2007, Mr. Karran Singh; proprietor of Buddy’s International Hotel, Mr. Omprakash “Buddy” Shivraj and other specially invited guests.

More recently, he noted, there have been vast investments by Central Government to the infrastructure in the modernizing of the airport, upgrading the highway, developing housing areas and providing ancillary services to them, resulting in the phenomenal expansion and upsurge of new housing schemes, such as Grove and Diamond, where thousands of Guyanese families now reside. As such, he said GBTI’s establishment of the new branch makes “an extremely valuable decision and most commendable contribution to the economic and financial landscape of the East Bank of Demerara.” He said too the fact that the facility is physically located in an international hotel is a significant indication of the coming of age in the country’s service systems.

Chairman of the Bank, Mr. Robin Stoby, in his remarks, alluded to one of Shakespeare’s quotes: “Suit the action to the word, the word to the action,” and one of the bank’s pseudonyms “GBTI the Action Bank”, and noted that action is what the bank promised and action is what it has delivered. He said the move to establish the branch in the hotel may have been regarded as a bold step to take in an area not traditionally viewed as a banking location, but it is the belief of the bank that it is necessary to identify new areas of opportunity to keep up its momentum of providing quality services to the Guyanese public.

In his address, Chief Executive Officer, Mr. Radhakrishna Sharma said the GBTI Providence Branch follows closely the opening of the Lethem branch in August 2006 and represents yet another step by the institution in “the systematic fulfillment of our mission to take banking services to communities across Guyana.” He said the bank’s legacy of branch banking, introducing the latest in banking technology, and community involvement, are just some of the characteristics of the institution that have featured constantly over the years.

GBTI, according to the CEO, views every new branch as a “key element in revitalization, facilitating access to credit, investments and services that individuals, businesses and community institutions need in order to grow and prosper.” As such, GBTI is confident about what the future holds for Guyana and is happy to take the bold step to provide vital banking services, stimulate small business and support new investment, economic growth and job creation for the more than 50,000 residents and businesses of the East Bank corridor, he said. Remarking that GBTI is a proven market leader in the industry, setting the benchmark against which excellence can be measured, Sharma listed as among some of the achievements, GBTI in mid-2006 becoming the first Guyanese financial institution to be approved membership of VISA international; November 2006 launching of the first VISA Card product in Guyana, the GBTI Visa Travel Classic Card. Additionally, visitors to Guyana can now visit any GBTI branch and obtain cash advances on their VISA card, customers are also able to apply for an American Express Card, and in a few months the bank will launch its VISA branded GBTI Credit Card.

GBTI has also developed a community focus where it recognizes and accepts its responsibilities to the community where it operates and has structured programmes to achieve its community goals.

In closing remarks, Ms. Blair said she and the rest of her staff who are proud to be in the team selected to manage the branch, look forward to the opportunity to serve the public in the lovely ambience GBTI has created. She said too, they look forward to being involved with the community as they plan to work to strengthen the relationship between GBTI and residents.

The task of chairing the ceremony was that of Junior Manager, Research and Planning, Mr. Sean Noel.

President’s College emerged the overall winner of the Guyana Bank for Trade and Industry (GBTI) Regent Street branch sponsored Impromptu Speaking Competition. The President’s College team lifted the trophy when they defeated Mae’s Secondary at the finals held on Tuesday, March 6, 2007 at the GBTI Recreational Centre.

President’s College scored 680 points to Mae’s Secondary’s 651, but Darryl Roberts of Mae’s copped the ‘Best Speaker’ trophy.

President’s College speakers chose topics: Why I love to dream at night; The advantages of being a woman; and I wish this event never happened. Mae’s Secondary chose topics: The importance of having quiet times; Students need a day off from school on their birthday; and As President of Guyana I would….

The victorious PC students were Deandrea Grenville, Alfa Peters and Melissa Hector, who received the winner’s trophy from Minister of Culture, Youth and Sport, Dr. Frank Anthony. The Minister congratulated the Bank for organizing such a competition and noted that such rivalry has been missing for quite a while. He remarked: “If we don’t have competitions like these, then our young people would not be as nurtured.”
Each of the finalists received a GBTI Early Savers Account Certificate for $5,000 from Mrs. Carol Seeraj, Regent Street Branch Manager.

The main objective of the Bank for the competition was to train young people for future social situations in which they may be asked their opinions on all sorts of issues and be expected to reply immediately and intelligently.

The other schools that participated in the Competition were Annandale Secondary, Apex Academy, Central High, Christ Church Secondary, Covent Garden Secondary, Cummings Lodge Secondary, Marian Academy, North Georgetown Secondary, Queen’s College, School of the Nations, St John’s College, St Joseph’s High, St Rose’s High and St Stanislaus College.

The judges were Ms. Savita Balbahadur, Mr. John Barnes, Ms. Bonita Hunter, Ms. Abiola Inniss, Dr. Joyce Jonas, Mr. Elton London, Ms. Bernadette Persaud, Ms. Magda Pollard, Mr. Geoffrey Smith, Ms. Barbara Sukhai and Mr. John Tracey.

Our Lethem Branch on February 23rd, 2007 presented a trophy for the Best Float in the Mashramani Celebrations held at Lethem. The activities commenced with a float parade around the community concluding at the Tabatinga ground for announcement and presentation of prizes, followed by a volleyball and football competition.

On February 16, 2007 the Bank donated a food processor to the St Winefrede’s Secondary School in Garnett & De Abreu Streets, for its newly constructed Home Economics Department.

Mrs Dahana Ramjist, Marketing and Public Relations Officer, presented the food processor on behalf of the Bank to Mr George Gomes Headmaster of the School, who expressed his gratitude for the donation and remarked that the Bank’s support will greatly assist in the execution of the CSEC Home Economics syllabus.

The GBTI Regent Street branch sponsored Inter-Secondary School Impromptu Speaking Competition continued on Tuesday, February 20, 2007, at the GBTI Recreational Centre, with the last match of the first round being played.

The match featured St. Joseph’s High against Richard Ishmael Secondary, with St. Joseph’s High scoring 599, compared to the 427 scored by Richard Ishmael Secondary, to emerge victorious.

The judges for the match were Mr. Geoffrey Smith, Mrs. Bernadette Persaud and Dr. Joyce Jonas.

The second round of the GBTI Regent Street branch sponsored Inter-Secondary School Impromptu Speaking Competition commenced on Thursday, February 22, 2007, at the GBTI Recreational Centre, with two matches being played.

The matches featured Christ Church Secondary against Covent Garden Secondary, and Marian Academy against School of the Nations.

In the first match, Covent Garden Secondary emerged victorious over Christ Church Secondary, scoring 604 points compared to the 583 points scored by Christ Church Secondary.

School of the Nations won in the second match against Marian Academy, scoring 719 points compared to the 661 points scored by Marian Academy.

The judges for the matches were Mr. Geoffrey Smith, Mrs. Barbara Sukhai and Ms. Bonita Hunter.

The GBTI Regent Street branch sponsored Inter-Secondary School Impromptu Speaking Competition continued on Thursday, February 15, 2007, at the GBTI Recreational Centre.

The session featured President’s College coming up against North Georgetown Secondary and Mae’s Secondary School opposing St. John’s College.

In the first contest, President’s College scored 684 points to win over North Georgetown Secondary’s 561 points.

Mae’s Secondary School won in the second contest against St. John’s College, scoring 690 compared to the 502 scored by St. John’s College.

The judges for the two matches were Mr. John Tracey, Ms. Bonita Hunter and Ms. Magda Pollard.

On February 8th 2007, our Parika Branch held activities in observance of its 8th Anniversary to recognise the invaluable support of its customers and the community to its success.

Each customer doing business with the Branch on that day was treated to cake, sweets and tokens.

An interactive cocktail was held in the afternoon for selected customers and staff and members of the Management team of the Bank. In attendance were businessmen, rice and cash crop farmers, housing developers and the Minister of Housing and Water, Mr Harrinarine Nawbatt.

The Branch was decorated with balloons, flowers and an anniversary banner. A collage of community activities done by the Branch was also displayed in the Banking Hall.

Over the years the Branch has given back to customers and the community through such activities as the hosting of an Annual Children’s Christmas Luncheon, Career Guidance Sessions, School Tours, Donations and other charitable work.

On Tuesday, February 6th, 2007 our Regent Street Branch commenced their signature activity – An Annual Inter-Secondary School Impromptu Speech Competition at the GBTI Recreational Centre, Kaieteur Road, Bel Air. The competition involves Fourth Formers from sixteen secondary schools, and runs for one month.

Mrs Carol Seeraj, Manager of the Regent Street Branch, in her opening remarks stated that, in hosting this competition the Branch sought to provide the medium that emphasizes the value of this art form, and also assist the Ministry of Education in fulfilling part of its objective as it relates to the English Language curriculum.

Ms Cherrilene Baxter-Dennis, Assistant Chief Education Officer (Secondary), who offered remarks on behalf of her Ministry commended the Branch on its initiative to resurrect this lost art form and wished for a successful activity.

The competition was declared open by Chief Executive Officer of GBTI, Mr Radhakrishna Sharma, who stated that as the largest Guyanese owned banking institution, GBTI sees itself as having an important role in the development and support of activities that seek to build individuals and communities, since this benefits the entire country. “Our strong community focus is reflected in the various activities organized and supported by our branches countrywide that lend to a recognized link with the community,” he said

He further stated that, GBTI has maintained a well-known focus on young people over the years, from our Early Savers Club, which provides an opportunity for young people to save for their future to our Career Guidance Sessions conducted by our branches, that seek to prepare school leavers for the working environment.

The first match in the First Round of competition was held on the opening day with St Rose’s High School competing against Christ Church Secondary. Christ Church Secondary was adjudged the winner of the competition with a combined total of 593 points while St Rose’s High scored 532 points.

The topics selected by the students in this match included:
Benefits of the Radio
Your integrity is the key to success
The television as a learning tool
Teenage Pregnancy
Cell Phones

The panel of judges for the match comprised Mrs Bernadette Persaud – Senior Lecturer University of Guyana, Ms Magda Pollard – Retired Educator and Women’s Activist and Mr John Barnes – Senior Manager, Inspection Division, GBTI.

The competition continued on Thursday 8, which featured Marian Academy vs. Cummings Lodge Secondary and St. Stanislaus College vs. Covent Garden Secondary.

In the first match, Marian Academy won over Cummings Lodge Secondary in an exciting match-up of good speakers on both sides. Marian Academy scored 596 points and Cummings Lodge Secondary scored 564 points.

Covent Garden Secondary won in the second match against St Stanislaus College, scoring 511 compared to the 471 scored by St Stanislaus College.

On January 26, 2007, the European Union Financial Facility in support of the rice sector was officially launched by the Honourable Robert Persaud, Minister of Agriculture, at the GBTI Recreational Centre, Kaieteur Road, Bel Air Park.

To increase the efficiency and sustainability of the rice industry in Guyana.
To enhance the competitive position of the rice chain actors, i.e., rice producers, rice millers/exporters and input suppliers.

GBTI has been selected to administer the G$1.6B facility and loans under this scheme will be targeted to rice producers for working capital and purchase of machinery and equipment; to millers and exporters for working capital, purchase of machinery and equipment and rehabilitation or expansion of facilities; and importers of fertilizers, pesticides and machinery and equipment. The interest rates on these loans will range from 6% to 11% and all loans will be assessed and rated in accordance with sound lending principles.

In his remarks, Mr Radhakrishna Sharma, Chief Executive Officer of GBTI spoke of GBTI’s long association with the rice industry which dates back to the late 1980’s where apart from the then GAIBANK, we were the only commercial bank lending significantly to the industry. He noted that by the 1990’s this industry accounted for $1.7B or 24% of our loan portfolio, a sum which peaked to $3.2B at the end of 2001. He made reference to the fact that as testimony to the Bank’s commitment to the sector and the country, in the year 2000, GBTI restructured and rescheduled close to $3B of the indebtedness of farmers and millers to aid the industry’s recovery and today the indebtedness of the industry to the bank stands at $1.4B or 14% of our loan portfolio, making our Bank the largest provider of credit to the rice industry. The Chief Executive Officer concluded by thanking the Government of Guyana for the part it played in the realization of this financial facility and the European Union for selecting and entrusting GBTI with the responsibility of managing this Scheme.

Minister of Agriculture, Mr Robert Persaud said that the venture is a part of the government’s continued commitment to seek resources for the development of the industry. He said that the funds available will serve as an impetus to drive production and re-investment which are needed to enhance competitiveness and ensure stability in the industry.

Describing the EU decision to provide financing to the rice sector, Mr Percival Marie – Director of CARIFORUM, said that the financial facility was the first of its kind and a new system had to be designed, hence, the initial lengthy process. He recalled the Government of Guyana's intervention to provide a guarantee amongst other concessions to the Banks to facilitate the fruition of the facility.

Also addressing the gathering at the launching ceremony were Ms Helen Jenkinson – Charge d’ Affaires of the Delegation of the European Commission and Mr Dharamkumar Seeraj, General Secretary of the Guyana Rice Producers Association.

2007-01-25 - PRESENTATION OF PRIZES FOR GBTI VISA TRAVEL CLASSIC CARD CHRISTMAS “WIN A TRIP” PROMOTION

On January 25th, 2007, the Bank presented the prizes to the winners of our first GBTI VISA Travel Classic Card Christmas “Win A Trip” Promotion.

This promotion was launched by the Bank to reward persons who would have purchased the VISA Travel Classic Card from the time it was launched on November 30th, 2006 to the close of the competition on December 31, 2006.

Mr Devon Quacy Elliott won the grand Prize of an all expenses paid trip for two to St Vincent and the Grenadines and US$500 loaded on the card.

VISA is the world’s leading payment brand, and GBTI is the first local financial institution to become a member of VISA International.

In his remarks, Mr Sean Noel, Junior Manager, Research and Planning, stated that,
“GBTI launched this competition, because we want to give persons the opportunity to experience the power of our Card and the convenience it gives.”

The closing remarks were delivered by Mrs Dahana Ramjist, Marketing and Public Relations Officer.

2007-01-22 - WINNERS SELECTED FOR VISA CARD CHRISTMAS “WIN A TRIP” PROMOTION

The drawing to select the winners of the GBTI VISA Travel Classic Card Christmas “Win A Trip” Promotion was done on January 22, 2007 at the GBTI Water Street office.