Beautiful Virgin Islands

Tuesday, Sep 09, 2025

Banking facility to be restored on VG in October

Banking facility to be restored on VG in October

Originally scheduled for an August 2019 opening, residents and other persons on Virgin Gorda will have to wait until October of 2019, for access to much needed banking facilities via Banco Popular, following some setbacks.

his is according to Junior Minister of Tourism and At-Large Representative in the Virgin Islands House of Assembly (HoA), Ms Shereen D. Flax-Charles in statements posted on Facebook.

Building now available

Since August 2018, Virgin Gorda has been without a physical bank following the departure of Scotiabank. CIBC FirstCaribbean had closed months earlier. FirstBank had been the first banking facility to exit the Sister Island.

And now according to Hon Flax-Charles, with a building finally now available, Banco Popular is ready to commence operations on the island.

"Every delay is not a denial by God. Today we were officially informed by the Virgin Gorda Yacht Harbour Holding Limited officials that their building which is supposed to house Banco Popular in Virgin Gorda is now "FINALLY" available," she said in a situation media statement yesterday, Saturday, August 31, 2019.

The Minister continued, "People of Virgin Gorda get ready because your government promised the operation of a physical bank in V.G. once again. Now this will be a reality by October 2019. This news 'made my day' as this will be a relief for the businesses, the people of Virgin Gorda and the territory," she said.

Gov't Effort

In May 2019, during a speech in the HoA, Premier and Minister of Finance, Hon Andrew A. Fahie (R1) had promised that banking would return to Virgin Gorda this year.

The Premier had credited Hon Flax-Charles in addition to Minister for Natural Resources, Labour and Immigration and Ninth District Representative Hon Vincent O. Wheatley and Junior Minister for Trade and Economic Development, Honourable Sharie B. deCastro (AL) for their efforts in helping to restore a much needed facility on Virgin Gorda.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Court Staff Cover Up Banksy Image of Judge Beating a Protester
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Elon Musk Poised to Become First Trillionaire Under Ambitious Tesla Pay Plan
France, at an Impasse, Heads Toward Another Government Collapse
Burning the Minister’s House Helped Protesters to Win Justice: Prabowo Fires Finance Minister in Wake of Indonesia Protests
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
The Country That Got Too Rich? Public Spending Dominates Norway Election
Nearly 40 Years Later: Nike Changes the Legendary Slogan Just Do It
Generations Born After 1939 Unlikely to Reach Age One Hundred, New Study Finds
End to a four-year manhunt in New Zealand: the father who abducted his children to the forests was killed, the three siblings were found
Germany Suspends Debt Rules, Funnels €500 Billion Toward Military and Proxy War Strategy
EU Prepares for War
BMW Eyes Growth in China with New All‑Electric Neue Klasse Lineup
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
US Justice Department Launches Criminal Mortgage-Fraud Probe into Federal Reserve Governor Lisa Cook
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
US and Taiwanese Defence Officials Held Secret Talks in Alaska
Report: Secret SEAL Team 6 Mission in North Korea Ordered by Trump in 2019 Ended in Failure
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Florida Murder Case: The Adelson Family, the Killing of Dan Markel, and the Trial of Donna Adelson
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Brand-New $1 Million Yacht Sinks Just Fifteen Minutes After Maiden Launch in Turkey
Here’s What the FBI Seized in John Bolton Raid — and the Legal Risks He Faces
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Queen Camilla’s Teenage Courage: Fended Off Attempted Assault on London Train, New Biography Reveals
Scottish Brothers Set Record in Historic Pacific Row
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
×