THE Guyana Association of Bankers (GAB) said it is deeply concerned about the escalating incidence of persons being targeted after conducting financial transactions at commercial banks.

“We strongly condemn these incidents and wish to assure our customers and the public at large that as an industry we are working with the relevant authorities and internally with all member banks with a view to arresting this trend,” the association said in a statement.

According to the association, the safety of their customers and staff remain paramount “among our priorities, and we continue to co-operate with law enforcement in addressing any factors that compromise this position.”

It said that in the interest of safety, “we take this opportunity to encourage customers and members of the public to as far as possible refrain from conducting large cash transactions, and instead utilise other secure methods of payment such as Manager’s Cheque or direct payments.

At this time, local security escort services should also be considered for persons operating businesses which may require transportation of significant sums,” the associated added.