The Bank of Guyana (BoG) has asked that a company which named and registered itself at the Commercial Registry as ‘Guyana Commercial Bank Incorporated’ de-register as it does not have a banking licence and the name can be classified as false advertising.
“That entity is not a bank and they are not supposed to go and register as a bank…no licences have been given out to any new banks,” a BoG official, who requested anonymity, told Stabroek News.
Further, the official added, “You are supposed to come in without a name.
The entity was told to remove itself, we asked them to de-register because they