The head of one of country’s leading commercial banks on Monday mounted a spirited defence of the banking sector against sustained charges from the small business sector that its borrowing conditionalities are invariably onerous and frequently unattainable.
Chief Executive Officer of the Guyana Bank for Trade and Industry (GBTI) John Tracey in an incisive address at the launch of the Micro and Small Business Development Project rejected critics of what has been described as the ultra-conservative lending posture of the banking system, on the grounds of the banking sector’s better understanding of risk.
“It has been said that our financial institutions have a negative attitude to lending. If this is so, this is a necessary protective measure. We think risk. We know and measure risk much better than the individual borrower who comes to us as the external optimist, positive that his business plan is bound to succeed,” Tracey told the
