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Banco Popular to begin operations on VG

September 15th, 2018 | Tags: Virgin Gorda Hubert O'Neal
Banco Popular to begin operations on VG. Photo: VINO/File
This was announced by Ninth District Representative, Dr the Honourable Hubert O’Neal, on Friday, September 14, 2018. Photo: VINO/File
This was announced by Ninth District Representative, Dr the Honourable Hubert O’Neal, on Friday, September 14, 2018. Photo: VINO/File
ROAD TOWN, Tortola, VI - After the closure and exit of all banking institutions on Virgin Gorda, in the Virgin Islands (VI),Banco Popular is expected to begin offering its service on the island in about four weeks.

This was announced by Ninth District Representative, Dr the Honourable Hubert O’Neal, on Friday, September 14, 2018.

In a press release, Hon Dr O’Neal said, “Banco Popular have committed to establishing a branch on Virgin Gorda…I had the privilege of touring several possible sites with Dr Honourable D. Orlando Smith, Premier and Honourable Archibald C. Christian, Junior Minister of Tourism.

He said too, Ms Oran Bowry, Senior Vice President and Division Manager of Banco Popular, Virgin Islands Region along with her team, on September 11, 2018, reported being satisfied with the possibilities of the bank establishing its presence on Virgin Gorda.”

Banco Popular estimates that they are capable of rapidly creating their offices on Virgin Gorda, within four weeks, but they are yet to choose the site of their operations and implement a contingency plans accommodate their move.

He said, it is envisioned that full banking services including teller services, ATM services and loan consultation will be available to the residents and visitors on Virgin Gorda.

According to Hon Dr O’Neal, “this is good news for all the people of Virgin Gorda, but especially for the business community and construction companies who were faced with really difficult challenges doing banking after Scotiabank closed their doors in Virgin Gorda on 31st August 2018.”

 

12 Responses to “Banco Popular to begin operations on VG”

  • north sound (15/09/2018, 09:38) Like (1) Dislike (0) Reply
    The second sleeper work up well sah
  • jack (15/09/2018, 09:50) Like (10) Dislike (20) Reply
    Credit Fahie effort's. Fahie is trying.. Wish he had a second like Ronnie. The country will be in good shape..
  • Yessss!! (15/09/2018, 10:18) Like (1) Dislike (1) Reply
    Yasssssd!!
  • Gumption.Official (15/09/2018, 10:49) Like (7) Dislike (1) Reply
    A bank that is build and design with the people in mind. A bank that is about opportunity & understanding. As an entrepreneur/businessman and backer of the branch I’m happy about this move.
  • Hmmm (16/09/2018, 09:42) Like (1) Dislike (0) Reply
    Banco was always next in line. This has nothing to do with politics. First Bank left, Scotia left, but hopefully Banco will be around for a while
  • E. Leonard (16/09/2018, 10:20) Like (2) Dislike (0) Reply
    Great news for VG residents, visitors and businesses. A bank facility on VG provides peace of mind, much needed security and convenience for business owners. Further, this action is an exemplary bit of corporate social responsibility by Banco Popular; it is giving back to the VG/BVI community. Muchas gracias! VG residents, Banco Popular did its part; now, you have to do your part. Banks like other businesses need business to stay in business. Banks provide a vital community service and must turn a reasonable profit to continue to deliver that service.
  • Political Observer (PO) (16/09/2018, 10:48) Like (3) Dislike (0) Reply
    Clearly, Banco Popular is demonstrating some interest in the total BVI community other than its bottom——total profit. True, Banco Popular expects to make a profit on its services. But it is showing some social interest in the community. Thumbs up to Banco Popular.
  • ok (16/09/2018, 11:35) Like (1) Dislike (0) Reply
    Was that so Damn Hard. Scotia loss is another Gain
  • Thanks FAHIE (16/09/2018, 14:02) Like (10) Dislike (16) Reply
    Mr fahie, had it not been for you looking out for the people of virgin gorda, no bank was not coming. The distinct rep is fast asleep and had no intention to do nothing. The leader them knew the other bank was closing and did nothing. Thank you fahie for fast representation! I parlay that god bless you and your team this election.
  • GT (16/09/2018, 14:04) Like (11) Dislike (7) Reply
    How clever that sleeper trying to be. All of a sudden he rush to hold press briefing about the bank opening. Where was he when negotiations were taking place. Fast asleep as always I guess. Continue to sleep Hubert, enjoy your rest. When you awake from your slumber, the 9th district will be in the capable hands of Hon. Vincent Wheatley.
  • happy munchkin (16/09/2018, 17:43) Like (1) Dislike (1) Reply
    'ding dong the witch is dead'...thank God the wicked witch of the west who was there, got melted.
    Way to go!
  • VG (17/09/2018, 17:58) Like (5) Dislike (0) Reply
    Bertie have a lot of nerve. Trying to take credit for what he did not do. Where is this bank going.? Why did you have them tour the admin building as a potential site when all the government employees still sitting outside working


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