BVI News

Banco Popular to open branch on VG by August

Banco Popular

Banking services are expected to return to Virgin Gorda by the start of August.

Premier and Minister of Finance Andrew Fahie announced this week that Banco Popular will be providing those services to the sister island.

He said the bank will be offering a full complement of banking services to Virgin Gorda three days per week. The Premier did not specify what days the bank will operate nor did he say where on Virgin Gorda the banking institution will be operating.

Fahie said Banco Popular decided to open a branch on Virgin Gorda “following a series of meetings” with himself, Junior Minister for Tourism Shereen Flax-Charles, and with the Representative of the Ninth District where Virgin Gorda is located, Vincent Wheatley.

“Your government was successful in negotiating a banking solution for the residents and visitors on the sister island,” he said.

Virgin Gorda was left without banking services after Scotiabank departed the island last August to cut costs.

Their departure raised great concern among the sister island community whose residents now have to ferry to Tortola to fulfil their banking needs. Scotia’s closure comes a few short months after CIBC First Caribbean also fled the sister island.

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7 Comments

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  1. Great says:

    The VIP Government has hit the ground running.

    Like 4
    Dislike 7
    • STRUPS! says:

      YOU REALLY THINK THEY DID THIS IN 4 WEEKS? WELL ACTUALLY 2 WEEKS SEEING THAT IT TOOK THEM TWO WEEKS TO FORM CABINET!!!!!!!!

      Like 3
      Dislike 2
  2. VG Resident says:

    Thank God for this news

    Like 6
    Dislike 3
  3. good says:

    But why so far in August?

  4. Interesting says:

    Banco machines in Tortola are always out of order. I suggest that we have regular ferries to VG just in case persons from Tortola need to use the one in VG.

  5. Awesome says:

    Great job!

  6. EAST says:

    that mean that beautiful vg lady wont be coming down anymore gosh I will miss that face

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