Hand-in-Hand Trust Corporation registered a profit of $14.3 million for the year ended December 2016 compared to a loss of $48.4 million for 2015.
Hand-in-Hand Trust was one of those institutions severely affected by investment of money in the Antigua-based Stanford International Bank whose fortunes collapsed when its founder Allen Stanford was arrested over a massive Ponzi scheme. Stanford was later jailed in the US for 110 years. Hand-in-Hand was said to have lost around $822 million in investments. Hand-in-Hand offers a number of services including mortgages, loans and property management.
According to Hand-in-Hand’s financial statements published in the April 22 edition of the Guyana Chronicle, interest income for 2016 was $696.7 million compared to $525.6 million in
