SLP leader: Keep politics out of BOSL issue

Saint Lucia Labour Party (SLP) leader, Philip J.Pierre,  has said that the Bank of Saint Lucia (BOSL) issue must be treated as a priority.

It has been revealed that the bank has some $300 million in bad loans.

“I am saying that there are a number of Saint Lucians who have worked and have their savings at the Bank of Saint Lucia and there are a number of people who work at the bank so I am saying that the Bank of Saint Lucia must be treated as a priority and it should not be left to be dealt with only by politicians,” the SLP leader told the Times.

He declared that there are certain things that have to be kept out of the realm of politics, the Bank of Saint Lucia matter being one of them.

The leader of the parliamentary opposition said his observations had nothing to do with “party”.

Pierre noted that the people who run the bank are responsible for the institution.

“All I am urging is caution and I am saying  that any words that are used relating to the Bank of Saint Lucia should be guarded because any misinformation can have some serious consequences,” the SLP leader explained.

He refused to comment on reports that some persons have begun withdrawing their money from the institution.

“That is why I said that any statements made about the Bank of Saint Lucia should be cautious, guarded and based only on fact and not speculation – there is no need for speculation because as I said there are workers involved and  shareholders and people who keep the money at the bank; they are the ones who have to be safeguarded and any words used – it’s unfortunate when politicians try to score cheap political points by using the bank as a political football,” Pierre declared.

He said as leader of the opposition he will make no statements that are political because he knows the importance of the BOSL.

Pierre said all efforts should be made for the bank to survive and return to profitability.





  1. Choops
    December 2, 2016 at 9:51 am

    Pip shut up!

  2. smh
    December 2, 2016 at 10:20 am

    These people are something else. Dont make it political am sure they all (slp) endorsed the add during the campaign saying Bradley Felix contributed to the bank being in that state. So tell me who is trying to use that predicament for political points? It backfired now you have your tail between your legs.

  3. Anonymous
    December 2, 2016 at 11:27 am

    You should have issued those words of wisdom to the chairman of the SLP who politicized the BOSL issue on his talkshow.

  4. omar
    December 2, 2016 at 4:35 pm

    you can’t keep politics fully out of it since government is a big shareholder and have a say when it come to confirm the board of the business. And if the financial annual reports are negative the shareholders should act.

  5. Zeref Dragneel
    December 2, 2016 at 7:31 pm

    I bet all the bad loans were made to shell corporations under slp regime. Either way pip really have no shame. Seriously pip. We’re all concerned for you. Get a life man. Go climb the Piton or something. Or learn a foreign language. All you doing now is just bleating like a goat at everything that pass by. You must be really bored now that you can’t travel on government dime. Kenny already hold his corner, don’t think it’s about time you did the same?

  6. Anonymous
    December 2, 2016 at 8:48 pm

    That bank is a shame. They get hacked constantly and want customers to pay for these things.

  7. Anonymous
    December 4, 2016 at 6:46 pm

    lack of professionals at that bank. CXC men and women running millions in dollars. no training from the head to the bottom. its was a matter of time. they hire based on who their friends are. friends and money dont mix in corporate or personal money. ask them the qualifications of their managers and line staff.