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Sangre Grande Business Chamber to meet with RBC officials

Wednesday, January 10, 2018

Members of the Sangre Grande Chamber of Commerce are scheduled to meet with RBC Royal Bank T&T managing director Darryl White and other bank officials tomorrow at 9 am to discuss the closure of the bank's Sangre Grande branch and its impact on businesses in the area.

The meeting is expected to take place at the Sinanan Building.

A release issued by the Chamber yesterday announcing the meeting stated: "Do you do business with RBC? Have your loans, overdrafts, deposits been affected by RBC's sudden movement out of Sangre Grande? Can these charges be waived? Let's find out"

Since the closure of the branch on December 29th, 2017 members of the Sangre Grande business community have voiced their concerns about having to travel to Arima, the location of the nearest bank branch, to conduct business with the bank.

The bank merged its Sangre Grande branch with its Arima operations at the start of January citing an inability to work out a mutually acceptable lease arrangement at its Sangre Grande location.

The Chamber described the bank's decision as "rash and irresponsible", stating that insufficient notice was given to customers in the area.

The bank refuted claims by the Chamber that there was no communication with the business community about the closure of its Sangre Grande branch, stating that it began communicating with stakeholders on December 30, 2017 about the planned closure.

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