Basseterre, St. Kitts, March 23, 2016 (SKNIS): During a sitting of Parliament on Wednesday, March 23, Prime Minister Dr. the Honourable Timothy Harris, commended the Board of Directors of the St Kitts-Nevis-Anguilla National Bank, its Chief Executive Officer and management team for their continued excellent performance.
The prime minister revealed that the bank’s last audited financial statements, which were presented at the Annual General Meeting on January 21, 2016, indicated “the incredible strength of the St Kitts-Nevis-Anguilla National Bank Ltd.”
“The strong performance of the financial sector of which our commercial banks are primary elements, is correlated to the health of the economy,” said Prime Minister Harris. “The financial sector provides the lubricant that keeps the economy moving forward. The world had the best example of this some 8 years ago.”
He said that the “failure of the subprime market in 2008 and the debilitating effect on the financial sector in the USA, led to the most prolonged economic recession in the USA and the world.”
Prime Minister Harris pointed out that National Bank’s financial statements showed that its total assets increased from $3.16 billion in 2014 to $3.64 billion in 2015.
He congratulated CEO of the bank, Dawne Williams and her team, expressing that “she has a stellar record as banker par excellence.”
“She and her team are among the finest of our professional class,” said the Prime Minister. “Equally, I hail Mr. Howard Mc Eachrane and the Board of Directors, the customers, staff, well wishers of the bank, past and present for their contribution.”