Category: CAB

CAB Director Sean Husain Passes Away

Paramaribo, Suriname, Tuesday, March 24th, 2020: It was with great sadness that the Board and Secretariat of the Caribbean Association of Banks (CAB) Inc. received the news on the evening of Monday 23 March 2020 that Director Sean Husain had passed away. Director Husain took ill suddenly on Monday night, having been involved in calls earlier in the day with fellow CAB Board members. A well-respected figure in the Caribbean banking and financial services sector, Sean had been with Republic…

COVID19 Update on CAB Secretariat Status

Based in Castries, the Secretariat of the Caribbean Association of Banks (CAB) Inc. proactively initiated a remote protocol as of Monday, 16 March, 2020. The CAB office will be closed until 5 April in the first instance, in keeping with the edict of the Government of Saint Lucia. Nonetheless, the five-member Secretariat, led by CEO Ms. Wendy Delmar, remains committed to serving the needs of over 80 members and partners in more than 20 territories, whilst working from home and…

Proposed Sale of Canadian Banks in the Caribbean Under Review

Saint Kitts and Nevis, Friday, February 21st, 2020: Governor Timothy Antoine of the Eastern Caribbean Central Bank (ECCB) has confirmed that his organisation is reviewing applications for the intended sale of banking assets within the Eastern Caribbean Currency Union (ECCU) jurisdiction. Governor Antoine spoke at a press briefing on Friday 14 February 2020, following the 95th Meeting of the ECCU Monetary Council at ECCB headquarters in Basseterre, St. Kitts and Nevis. In November 2019, Canadian Imperial Bank of Commerce declared…

New Country Manager at CIBC FirstCaribbean Saint Lucia

PRESS RELEASE: Mr. Victor Boyce has been appointed to the role of Director Corporate Business Development – Organisation of Eastern Caribbean States (OECS) and Country Head – Saint Lucia for CIBC FirstCaribbean Bank, effective February 1, 2020. Mr. Boyce succeeds Mrs. Ladesa James-Williams in that role. Mrs Williams has been appointed Director, Retail Sales OECS and Country Head in her native Antigua and Barbuda. Mr. Boyce is a career banker with over 20 years’ experience in the industry, fifteen of…

Republic Bank (EC) Meets Saint Lucia Business Community

(Castries, Saint Lucia, February 20, 2020) – Republic Bank (EC), on Thursday 13th Feb 2019, signaled to the corporate community of Saint Lucia that it was ready to do business.  This, at the Saint Lucia Chamber of Commerce, Industry and Agriculture’s first Executive Luncheon for 2020. To a packed room of over 70 business executives from various sectors including shipping, legal, commerce, banking, insurance, manufacturing and other business support services, guest speaker Michelle Palmer-Keizer, Managing Director of Republic Bank (EC),…

Baldwin Taylor Appointed To Lead Bank of Montserrat

The Bank of Montserrat recently announced the appointment of its new General Manager, Mr. Baldwin Taylor, who took up office on January 2, 2020. He succeeds Mr. Michael Joseph who retires as General Manager after serving for 10 years in the position. During his tenure, the Bank grew exponentially, recording growth in assets of 47%, moving from $171M in 2009 to $252M in 2018; and Loans growth of over 100%, increasing from $46M in 2009 to $94M in 2018. The…

RBC announces sale of Eastern Caribbean banking operations

(PRESS RELEASE) – Royal Bank of Canada (RY on TSX and NYSE) today announced it has entered into definitive agreements to sell all banking operations in the Eastern Caribbean to a consortium of indigenous banks within the region. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to be finalized in the coming months. “Consistent with our strategy of being a competitive leader in the markets where we operate, RBC is always evaluating opportunities…

Education Opportunities Abound for Caribbean Bankers

The vision and mission of the Caribbean Association of Banks (CAB) Inc. are embodied in the organisation’s strategic pillars. The thrust towards member development, support for academic growth, and up-skilling the region’s financial services sector is directly informed by the 45-year-old body’s stated mission – to proactively influence matters of interest to financial institutions through advocacy and education. To that end, CAB annually offers a multiplicity of training and scholarship opportunities at various levels. With a membership numbering over 80…

International Acclaim For Caribbean Banks

Saint Lucia, Tuesday December 3rd, 2019: Two member organisations of the Caribbean Association of Banks Inc. (CAB) have been recognised by internationally-renowned financial magazine The Banker in its Bank Of The Year awards. Announced last Friday, 29 November, the institutions in question are 1st National Bank St. Lucia Limited and Jamaica’s NCB Financial Group. The two banks were named the most outstanding in their respective jurisdictions during the awards ceremony in London, England. These awards are presented by The Banker…