CABINET NOTES:
The Caribbean Union Bank (CUB) made an appearance before Cabinet to speak about the successes of the bank in the post Covid-19 period.
The evidence indicates that the bank has begun to generate a profit, and that its balance sheet is healthy.
It has applied new technologies to serve its customers. It has made improvements in Human Resources and it has strengthened its relationship with its correspondent bank.
The Cabinet expressed commendations to the CUB, heartened to learn of its re-birth and growth.
The Cabinet concluded that the CUB is on the right path; there is liquidity in its capital base, its processes are streamlined and it has attracted new customers.
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Accounting is a funny discipline.
Good to know they are showing signs of financial life. After all,it is our money that bailed that ATM/Piggy Bank out.
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