Guyanese business professor and accountant, Floyd Haynes will soon be granted a licence to operate a merchant bank here and he hopes that small businesses, especially, will have an alternative to accessing finance, even as the bank targets the wider and emerging large-business sector.
It was Vice President Bharrat Jagdeo during an outreach in Region Two yesterday who made the announcement of the formation of the new financial institution and Governor of the Bank of Guyana, Gobind Ganga, later confirmed it with Stabroek News.
“We just licensed a merchant bank – a Guyanese guy who got it, the licence – and they are setting up a bank,” Jagdeo told the Region Two meeting.