Prime Minister Gaston Browne disclosed over the weekend that a bank operating here has made $20 million dollars in fees alone.
He did not reveal the name of the financial institution only to reveal that it was an “international bank.”
Browne revealed the bank’s profitability while at the same time blasting them for taking an
He urged local banks not to follow that model.
The prime minister said the profits the bank made on fees was almost
“One of the international banks I looked at its profit and loss recently; 20 million dollars in fees which is also equivalent of the net interest income.”
“So you can see that bank is now depending on non-interest income to be profitable which will present a risk down the road,” he said.
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