Subject to banking regulatory approvals, the planned new Merchant Bank is expected to be launched in late May or early June.
Business professor, accountant and financial analyst, Floyd Haynes, owner of New Haven Inc. which will have control of the proposed Merchant Bank told the Sunday Stabroek when asked for an update, that he is awaiting the necessary regulatory approvals prior to operationalizing the bank. “Now that the building is complete, we are awaiting on a final walk through and inspection from the Bank of Guyana …and if we are given regulatory approval, we are looking to an official launch sometime this month (May) or early June. We are just trying to ensure we have everything in place.”