Dec 16 - Breaking News: Government Approves New Bank For Gibraltar
At this morning’s Cabinet meeting, the Government has approved the establishment of a new credit institution to be known as the Gibraltar International Bank (GIB). A professional team has been engaged and detailed discussions have already been held with the Financial Services Commission (FSC).
An application to the FSC will be filed this week on behalf of GIB. The Bank will be subject to the licensing and regulation of the Financial Services Commission and will be independently managed by professionals with appropriate banking experience.
GIB intends to offer a full range of Banking services including the opening of current and deposit accounts, loans and overdrafts, the issue of debit and prepaid cards. Online banking will also be made available.
Further details and a video report will follow. Keep checking our website and social media feeds.
