IT’S NOW?OFFICIAL.
The Trinidad-owned Barbados National Bank (BNB) will be renamed Republic Bank (Barbados) Limited next year.
In a resolution passed at its annual general meeting last Friday, shareholders voted to change the name of the bank. The change is expected to take place by July 2012.
“It was indeed heartening to receive the support of the shareholders in the passage of this resolution,” said BNB chairman Ronald Harford, who is also the chairman of parent company Republic Bank Limited (RBL).
He said “support for Republic Bank (Barbados) Limited is support for the Barbados economy and Barbadian aspirations. Republic Bank (Barbados) Limited is a Barbadian bank with a shareholding which includes the people of Barbados, the Government of Barbados, Barbadian institutions and Republic Bank Limited, a Caribbean Bank”.
While acknowledging the pride and emotion connected to the BNB brand, Harford also underscored the commitment of RBL to improving customer service, product offerings and providing greater training and promotion opportunities for BNB employees in the RBL system across the Caribbean.
He added that achieving economies of scale in the group’s operations was an imperative. Rebranding the bank will encompass changes to signage, stationery and collateral marketing materials.
Republic Bank Limited purchased majority shareholding in the former Government-owned BNB in 2003. (PR/SP)
