CIBC opens new Eleuthera branch

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

CIBC FirstCaribbean International Bank (Bahamas) this week opened its new Governor’s Harbour branch in the Charlow’s Bay Plaza.

The BISX-listed institution, in a statement, said the relocation of its lone Eleuthera site fits with the strategy to enhance its digital services with support from a modern branch network. It added that it has been upgrading and repurposing its facilities across the region to ensure all for a little while. One of the challenges is the land acquisition. There are 11 dwelling homes there and they need to be compensated before we can organise any contractor.” This means that the Government will have to acquire these private properties, using the Acquisition of and Act, to facilitate the road’s expansion and financially compensate the owners.

Mr Clarke also warned that the $30m price tag may banking services are accessible to clients on a continuous basis. be an under-estimate for the cost, as this was provided two years ago and raw material and other prices have risen significantly since then.

As part of this initiative, the Charlow’s Bay Plaza location features smart technology automated banking machines (ABMs), night deposit and online banking services.

“We are the leaders in the digital banking space, and we want to continue to extend that lead by providing the best capabilities through our convenient self-serve channels, be it the digital client onboarding process; our online banking and mobile app; or the Smart ABMs,” Dr Jacqui Bend, CIBC FirstCaribbean International Bank (Bahamas) managing director said.

As for the Gladstone Road Improvement Project (GRIP), Mr Clarke added: “The designs are substantially complete. What the designs have done so far, it has informed us of where we are going to be diverting the existing utilities and what land needs to be acquired. These are called advanced works.

“Before we allow the contractor to mobilise at that site, we need to have the right of way clear for us. So if you travel along Gladstone Road right now you will see on the eastern side of the right way there are some clearings, and this is to relocate the poles and the power lines to the eastern side, and also to notify property owners of lands that are being acquired.”