Gonsalves said the Bank of St. Vincent and the Grenadines belongs to us Vincentians, stating that the government is still the major client of the bank.

Prime Minister, Dr. Ralph Gonsalves is encouraging Vincentians to become educated with regards to the purchasing of shares in the Bank of St. Vincent and the Grenadines, formerly the National Commercial Bank.

This is following the official signing of documentation for ownership shares to the National Insurance Services in the Bank of St. Vincent and the Grenadines yesterday.

At a price of $8.23 per share, the NIS currently owns approximately 9% of shares in the bank. 5% of that total amount was originally allotted to the NIS, as a result of the divestment in majority ownership shares of the Bank of St. Vincent and the Grenadines to the St. Lucia based East Caribbean Holdings.

Gonsalves said the signing of yesterday’s agreement shows a continuation of his government’s policies to keep St. Vincent and the Grenadines moving forward.

He further added that an education programme in the form of a video presentation will be put in place to sensitize the public on the intricacies involved in buying shares.

Gonsalves said the Bank of St. Vincent and the Grenadines belongs to us Vincentians, stating that the government is still the major client of the bank.