“There is room for banks to be more aggressive in lending to private sector” – Finance Min Singh

“There is room for banks to be more aggressive in lending to private sector” – Finance Min Singh - INews Guyana

With Guyana’s rapidly growing economy, Senior Minister with Responsibility for Finance, Dr Ashni Singh, believes that the local banking sector needs to move away from the risk-free lending practices and be more aggressive in its offerings, especially to the private sector. “The banking sector has historically been conservative, erring on the side of risk-aversion, which […] The post “There is room for banks to be more aggressive in lending to pr…

“There is room for banks to be more aggressive in lending to private sector” – Finance Min Singh

With Guyana’s rapidly growing economy, Senior Minister with Responsibility for Finance, Dr Ashni Singh, believes that the local banking sector needs to move away from the risk-free lending practices and be more aggressive in its offerings, especially to the private sector. “The banking sector has historically been conservative, erring on the side of risk-aversion, which is not necessarily a bad thing, because we want strong banks and strong bala…

Finance Minister urges banks to step out from ‘comfort zone’ & expand lending

Finance Minister Dr. Ashni Singh is encouraging Guyana’s banking sector to step beyond its traditionally conservative lending practices and support the country’s private sector by embracing other forms of collateral. Speaking during the second day of a Jamaican export and investment mission to Guyana, Dr. Singh addressed concerns raised about banks requiring only land or other fixed assets as collateral for loans. “The banking sector has histori…