During Bank of Baroda’s winding down.
ANSA Bank records $1.5 million loss
by
ANSA Bank Ltd
ANSA Bank Ltd, formerly called Bank of Baroda T&T (Ltd), recorded a loss of $1.5 million for the year ended March 31, 2021.
For the same period in 2020, the bank recorded a profit of $872,000.
Bank of Baroda (T&T) was incorporated in this country on March 13, 2006.
It commenced operations on October 17, 2007.
On February 26 this year, the Bank of Baroda (T&T) was acquired by ANSA Merchant Bank Ltd.
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Robert Le Hunte has a reputation for taking businesses to the next level.
His experience in banking, insurance and management has taken him all over the world, where he took the wheel of companies that were either looking to make a change in the way they operated or a change in their level of performance, and within years there was a turnaround or expansion.
That skill will come in handy for the former Minister of Public Utilities in his new role as managing director of Ansa Bank, which was renamed after the Ansa McAl group acquired the local branch of the Bank of Baroda.