Barclays Africa CEO calls on President Michel-Bank hails investments in tourism |30 March 2006

Mr Bruynseels was speaking to the press at State House yesterday morning, after he had paid a courtesy call on President James Michel.

Mr Bruynseels’ visit to Seychelles coincides with the launching of Barclays Bank Seychelles’ prestige and on-line services for corporate customers.

The CEO said he has taken note of measures being implemented by the government to improve the country's economy and to attract new investments.

He said there had been an increase in investments in the tourism industry from which the bank was reaping selective benefits and that Barclays was also playing a key role to help boost development in the hotel sector.

In line with this, he announced that Barclays had plans to make its presence felt in the development of various hotel projects, such as on Eden Island.

He said he was also pleased with achievements made in the offshore financial services sector, where the bank was also expanding its business portfolio.

Mr Bruynseels has commended the management of Barclays Bank (Sey) for steps taken to upgrade the banking facilities and services in Seychelles for the benefit of its clients.