Barclays’ withdrawal from Gibraltar’s retail banking scene left a void, but the launch of Gibraltar International Bank (GIB) promised to fill that gap. This State-controlled retail bank was established to cater to the needs of local businesses and individuals. Writing ahead of its launch, Marcus Killick speaks on the application process for GIB’s banking license, with a strong emphasis on management quality, independence, and financial stability, and the bank’s pivotal role in enhancing the local financial landscape, offering both deposit services and efficient government payment management.
Read the article: New State bank to demonstrate independence
(Article first published in Gibraltar International, 2014.)
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