Prime Minister Gaston Browne emphasized the substantial growth of the Eastern Caribbean Amalgamated Bank (ECAB), attributing its success to his administration’s policies. CLICK HERE TO JOIN OUR WHATS APP GROUP
The Prime Minister pointed out that the government’s intervention transformed ECAB from a $600 million entity into a billion-dollar institution, marking a pivotal moment in its history.
Prime Minister Browne’s comments came during a discussion about the bank’s financial status and its relationship with its customers and stakeholders.
He expressed frustration with the current management and the chairman of ECAB, criticizing them for what he perceives as a lack of respect towards customers and the significant role his administration played in the bank’s development.
“Our policies are what resulted in the inorganic and exponential growth of ECAB into a US billion-dollar bank,” stated Browne. He stressed that it was his administration’s efforts, particularly the consolidation of assets from ABI Bank and the acquisition of a substantial branch of Scotiabank, that were crucial to ECAB’s current standing.CLICK HERE TO JOIN OUR WHATS APP GROUP
Furthermore, Prime Minister Browne issued a stern warning to the bank’s leadership, emphasizing his position as a major stakeholder representing the people’s interests.
“If you continue to disrespect your customers, you have to meet me because I represent the interest of the people, and I may be the biggest bully when it comes to defending the interests of Antigua and Barbuda,” he declared.
The Prime Minister’s remarks underline the tension between the government and the bank’s management concerning governance and customer relations.
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