PRESIDENT Donald Ramotar, Prime Minister, Samuel Hinds and Finance Minister, Dr. Ashni Singh on Saturday evening joined the staff of the New Building Society (NBS) at the organisation’s annual Christmas party. The get-together was hosted at what will soon be the organisation’s offices at North Road and Avenue of the Republic.
President Ramotar expressed pleasure at being a part of the organisation’s festivity and praised the society for the work which it has been doing for the development of the country, especially in the housing sector.
He told the NBS staff that there has been a boom in housing, and that this is due mainly to loans disbursed by the NBS.
President Ramotar also congratulated the NBS management team and Board of Directors for taking the initiative to erect what he called ‘another showpiece in the city,’ referring to the site of the celebration, the building that houses the organisation’s new offices.
He told the NBS staff that the construction of the new building substantiates the growing investment dynamics of the country’s economy, a dynamism the president anticipates will continue to grow and gain momentum under the current administration.
Minister of Labour and Chairman of the Board of NBS, Dr. Nanda Gopaul, addressing the president on behalf of NBS, assured him that “NBS stands primarily on the side of the government in promoting housing development and in promoting the all-round development of the country.”
Gopaul said that up to about a week ago, the organisation’s disbursement for the year for building homes peaked at $4B, the highest recorded amount of loans during a year that the organisation has ever recorded. He further stated that given the present state of the market, the organization will have the capacity to disburse $6B in 2012.