First Citizens is offering an opportunity for increased savings and investment.
Chief Executive Officer, Karen Darbasie, explains that their main shareholder, the Government, wants to involve more of the public in the bank’s ownership.
Ms. Darbasie says that the target customer is, everyone across society and there is no minimum number of shares which can be purchased. Indeed, the Minister of Finance asked that anyone applying for 2,000 or less shares should be facilitated to get the full allocation.
The First Citizens CEO says it’s a good savings opportunity with not only competitive share price increases but also quarterly payments. Ms. Darbasie said the dividend yield is 3.9% and she is urging investors to make the most of the offer as it will end next Friday, July 22nd.