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Scotia hand for small business

Gercine Carter

Scotia hand for small business

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ONE COMMERCIAL BANK is coming to the aid of small and medium-sized businesses in Barbados with the launch a major loan initiative yesterday.

Scotiabank launched a $50 million Economic Growth Fund targeting businesses seeking to expand or modernise their operations, or purchase equipment. Scotia’s managing director Caribbean East, David Noel, said his was the only private sector institution in Barbados and the Eastern Caribbean to offer such a programme.

He added the decision was in some way influenced by the recent Central Bank announcement that it would no longer set minimum saving rates on bank deposits.

Please read the full story in today’s Midweek Nation, or in the eNATION edition.