The Guyana Bank for Trade and Industry’s (GBTI) 2018 results was impacted by the default of the Government of Barbados which stopped payments on its external debt.
This was revealed by the Chairman of GBTI, Robin Stoby in his presentation which appears in the bank’s 2018 annual report.
Stoby said ‘While both regulatory and internal guidelines limit our exposure to any one borrower the impact of the Barbados government default did have a negative impact on our bottom line”. The size of GBTI’s exposure was not stated.
