BANK CUSTOMERS can breathe easy for the time being following assurances from a leading bank that no immediate increases in banks fees are coming.
Top executives of CIBC FirstCaribbean gave the pledge yesterday that no decision had been made in the wake of Government’s decision to increase the Bank Asset Tax by 0.15 percentage points immediately that was announced in last week’s Budget.
However, they did say the action would affect the bank’s bottom line immediately, a situation they were trying to address.
“We will seek to do what we can to manage our way through. It is very early days yet and we don’t know what challenges or strategies we’ll have to put there, but at this point we don’t have any plans to do anything,” said managing director of the bank’s Barbados operating company, Donna Wellington. (WILLCOMM)
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