Lease Signed

BVI Platinum News | October 10, 2019 6:31 pm AST | 1 Comment
BVI Platinum News
October 10, 2019 6:31 pm AST | 1 Comment
Photo Credit: Facebook

(Photo Credit: Facebook)

Deputy Premier, Minister for Labour and Immigration, and Ninth District Representative, Hon. Vincent Wheatley has confirmed that Banco Popular, which is gearing up to offer banking services on Virgin Gorda, signed the lease for its location with the BVI Investment Club on October 8.


The signing of the lease means that the October opening date that was previously disclosed for the Banco Popular service is on track.

In providing the update, Hon. Wheatley said that the bank will be making formal announcements in days to come.

Last month, both Premier and Minister for Finance, Hon. Andrew Fahie and Hon. Wheatley announced that they received promising news that Banco Popular will soon commence providing services in coming weeks.

During the September 2 sitting of the House of Assembly, Hon. Wheatley announced that the October opening of Banco Popular on Virgin Gorda is on track. Hon. Wheatley said, “I am so happy to see that banking will soon be returning to Virgin Gorda. The keys were handed over from the last bank, I think it was either Friday or Saturday (August 30 or 31). It would be handed over to the new bank hopefully this new week.”

In stating that the opening of the bank would be a welcomed relief, Hon. Wheatley said, “I look forward to a new announcement coming up in a few days time, or weeks time, but banking should return to Virgin Gorda in October.”


On August 31, Premier Fahie mentioned that the building where the bank is expected to be housed was now available for Banco Popular to commence preparation. In a social media post, Hon. Fahie said, “Every delay is not a denial by God. Today we were officially informed by the Virgin Gorda Yacht Harbour Holding Limited Officials that their building, which is supposed to house Banco Popular in Virgin Gorda, is now finally available.”

“This is good news! People of Virgin Gorda get ready because your Government promised the operation of a physical bank in V.G. once again. Now this will be a reality by October 2019. This news "made my day" as this will be a relief for the businesses, the people of Virgin Gorda and the Territory. The long-fought battle to have this completed is almost over. Praise be to God,” the Premier added.

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