CHIEF Executive Officer of the Demerara Bank Limited (DBL), Mr Pravinchandra Dave, has announced that as part of a list of things to do in 2014, the company is eyeing establishment of two other branches across the country.

Dave made this disclosure whilst addressing persons who had gathered for the company’s Drive for Life promotion, launched Friday morning at the Diamond branch of the DBL. The CEO said that, in 2014, at least one other branch would be established if the plan to establish two other branches is not realized; and the following year would see establishment of the other branch besides other additions.

Dave declared that the recession of 2008/2009 had really given the banking industry a bad name, but the Demerara Bank Limited still has an obligation to fulfill its corporate responsibilities to Guyanese.

In the Drive for Life promotion, DBL is offering persons easy-access loans at a higher ceiling and lower interest rates, as it realises that two of the things most wanted by Guyanese are homes and cars.

It was related that, for 2013, 24% of the loans offered by DBL were for housing purposes. However, Chairman of the Board of Directors, Mr Yesu Persaud, cautioned that persons should not be of the view that because DBL is making loans available to them on easy terms they would be able to renege on their payment obligations.

“Don’t believe you will take the money and don’t pay, because we will hunt you down like wild dogs!” the chairman told prospective burrowers of the bank.

The Drive for Life promotion runs up to the last day of June.
On Friday, several insurance companies and auto dealers attended its launch.