By Geralyn Edward, Business Editor | Sat, May 12, 2012 - 12:10 AM
Barbados’ management of its economy through a number of major crises has been applauded by the head of Trinidad and Tobago’s largest bank.
Larry Howai, chief executive officer of First Citizens Bank contended that “by and large Barbados has been successful because of its people and because of the policies that have been implemented over the years”.
The senior banker was responding to questions from the media yesterday about the bank’s decision to enter the local market through a buyout of Butterfield Bank, even though the island continued to battle one of its most difficult economic periods.
But in a vote of confidence, the CEO said: “From our preliminary review, we think that the Barbados economy is heading in the right direction.
“Of course, you have been affected by what has happened globally since 2008, but it would have been unreasonable to expect differently – that you would not have been affected.”
Read the full story in today's SATURDAY SUN.
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