Dec 16 - Gibraltar International Bank to Ease Retail Banking Strain of Barclays Shutdown
Today, Chief Minister Fabian Picardo, with Financial Services Minister Albert Isola at his side, announced the development of a new, locally owned bank for Gibraltar that will offer a full range of banking services. The policy formerly made an appearance in the 1996 GSLP manifesto and has continued to do so in successive manifestos. The Chief Minister noted during the announcement that plans for the Government owned Gibraltar International Bank (GIB) have been accelerated following Barclays Bank’s decision to reduce its retail and corporate services in Gibraltar.