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Reply to "Bank of Baroda pulling out"

VishMahabir posted:

Why are these banks leaving...arent they aware that the economy will pick up once the oil money pours in???

This move was decided on over two years ago when BoB decided to concentrate solely on 4 countries as these alone constitute 75 percent of its overseas business. It is not on account of the Guyanese economy's performance  but a general decision to exit countries with small economies .  Guyana happens to be that. 

FM
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