– reduces interest rates, defers loan payments and offers debt restructuring

THE Guyana Bank for Trade and Industry Limited (GBTI) has announced that it will waive penalty interests and late payment fees, reduce interest rates, defer loan payments and offer debt restructuring as a pledge to the business community, its customers and employees during the COVID-19 crisis.

“We will be introducing the following measures effective March 26, 2020, for a period of up to six months; an extension will be reviewed thereafter. Waiver of Interest and late payment fees; late fees on loan payments, penalty interest on loans, credit card – late fees and penalties for early withdrawal – term Deposits; Loan Restructuring; three to six months moratorium on loans, debt restructuring, deferral of loan payments and reduction of interest rates,” the bank said in a release.

In the interest of practicing social distancing, customers are encouraged to contact the bank via email (banking@gbtibank.com), telephone, letter or in some cases, if it is not possible to initiate the above lines of contact, visit the branch nearest to their location.
Additionally, customers are asked to use debit and credit cards; electronic banking platforms; direct banking and mobile banking, as well as the countrywide network of ATMs and Point of Sales Terminals.

However, if persons must come into the bank to complete a transaction, they are urged to practise social-distancing guidelines and use the sanitizers presented.

“GBTI embraces and adheres to the guidelines set out by the World Health Organisation in sanitising its environs and helping to reduce the spread of COVID-19… as the bank that sees Guyana through your eyes, GBTI urges our Guyanese partners and our visitors to continue doing your part to help flatten the curve as we protect our families and each other.”