|Statement from the Managing Director, Bank of The Bahamas Limited re: Bahamas Hotel Catering and Allied Workers Union|
|Thursday, 27 August 2009 09:01|
Earlier today (Tuesday, August 25), Bank of The Bahamas on Harrold Road was the site of picketing by a group of persons who aligned themselves with a faction of the Bahamas Hotel Catering and Allied Workers Union.
Bank of The Bahamas wishes the public to know that, once again, the Bank acted legally and in full accordance with its fiduciary responsibility in executing disbursements, following authorisation by and instructions from the Union . Further, because of the sensitivity of the matter, the Bank sought outside legal counsel and was guided by counsel’s advice.
The Bank assures the public that the Bank will seek further legal advice, and if necessary, legal action should its name and reputation be further engaged in a matter that is a legal dispute among parties of an institutional client. We wish to remind the media, as well, of the public apology that was issued previously by a local media outlet when such allegations were reported. Most importantly, the Bank wishes to apologise to our clients who may have been inconvenienced, embarrassed or made uncomfortable by the demonstrations. We value the trust placed in us by those individuals, businesses and institutions which turn to Bank of The Bahamas as their bank of choice.
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