He blamed the bank's predicament on the failure of its management to listen.
Contrary to instructions from the Justice Claire Henry that the
contents of the Receiver's report should be made privy solely to the
ECCB, Minister of Finance and CapBank's CEO, Finton DeBourg, the Prime
Minister also disclosed some of the contents of said report; stating
that his disclosure might not necessarily sit well with the judge.
The information revealed at today's sitting was as follows:
**Deposits EC$43.8 million 5,813 persons
**Loans EC$36.3 million 647 loans
**54.6% of loans went to one company called Native Hut (unsecured loans)
**Outstanding withdrawl requests of about EC$3 million
**Bank has total assets of EC$71.5 million and liabilities of EC$70.7
million leaving a capital of EC$0.8 million. **There were 63
employees, a main office and eleven branches.
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here to listen to Prime Minister's presentation. (00Hrs:12Min:21Sec)