Category: General

Innovation & Digital Transformation at The Exchange!

If there is one certainty in the world of investments and business, it is that change is inevitable. Add another certainty: saving and investing will always be fuelled by four (4) of life’s essentials, such as Education for your Children, Buying a home, Planning for Retirement, and Catering for Chronic and Critical Illness. Business models have been changing and there will be more change to come, this is squarely due to the fact that technology has rapidly evolved over the…

COVID-19 Pandemic: The Economic Impact on Caribbean Economies

Castries, Saint Lucia, Tuesday, September 7th 2020: Regional Overview The Caribbean is comprised primarily of island nations, of which, the majority are classified as small island developing states (SIDS). This characteristic of the region exposes Caribbean economies as small, open, and significantly trade-dependent; all of which are distinct features of numerous SIDS. As a result, economies within the region are rendered exceedingly vulnerable to economic shocks (both internal and external). In addition, owing to several inherent benefits of its geographical…

Caribbean Banks Face Mask Challenge

Castries, Saint Lucia, Tuesday, August 14th 2020: Caribbean territories have joined the rest of the world in implementing a number of protocols to combat the COVID-19 pandemic in recent months. These include wearing of masks in public, as recommended by the World Health Organisation. But with the mass adoption of masks, business places, including banks and financial institutions, are faced with new challenges. Public health officials view masks as one of the best defenses against the growing novel coronavirus threat,…

CAB Bulletin Issue 3, July 2020

In this edition, our second for the calendar year 2020, we chat with Mr. Nigel M. Baptiste, president and CEO of Republic Financial Holdings Ltd. We also address the development of a CARICOM Real-Time Gross Settlement (RTGS) system, cybersecurity in the midst of the global pandemic, and the 2020 Atlantic hurricane season. Additionally, we look at some of the work CAB has been doing in recent months, and remind you of two of our blue-riband scholarship opportunities. APPLY NOW! Download…

Caribbean Investment Holdings signs agreement to acquire Scotiabank’s Belize banking operations

Caribbean Investment Holdings Limited has reached an agreement for the purchase of Scotiabank (Belize) Ltd. (SBL) from Scotiabank Caribbean Holdings Ltd., for an initial purchase price of up to US$30.5 million. Scotiabank Caribbean Holdings is a subsidiary of The Bank of Nova Scotia (BNS). The acquisition is subject to regulatory approval and customary closing conditions. The acquisition will be effected pursuant to a share purchase agreement among the Company, the Seller and BNS dated 19 June 2020. Under the terms…

Frequently Asked Questions – Moratorium (Bankers Association of Saint Lucia)

In these trying times, the Bankers Association of Saint Lucia is here to support you and your family. Our objective is to help you to concentrate on what is important – remaining in good health, supporting your loved ones, and of course, taking care of your finances. Our Association members are offering our valued customers, moratoriums on bank debts in an attempt to cushion the economic blow dealt by the COVID-19 Pandemic. To assist with your concerns on moratoria we…

CAB Welcomes New Director

"It is a tremendous pleasure to be able to receive Michael, whom I am certain will play a significant role in advancing our organisational goals and objectives. We are delighted at his willingness to take up the challenge of working with us to serve our members across the region and beyond. Sean's presence will, of course, be greatly missed, and we will continue to cherish his memory and hold him dear to our hearts."…

Eastern Caribbean Central Bank Governor Holds Talks On Bank’s Performance

CASTRIES, Saint Lucia, January 21, 2020 (CMC) – The Governor of the St. Kitts and Nevis-based Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine, is leading a four-member delegation for talks in Saint Lucia on the performance and prospects of the Eastern Caribbean Currency Union (ECCU). The ECCB serves as the central bank for the union, comprising Antigua and Barbuda, Dominica, Grenada, Saint Lucia, St. Vincent and the Grenadines, St. Kitts and Nevis, Montserrat, Anguilla, and the British Virgin…

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…

Caribbean Bankers Conclude Historic Conference in Sint Maarten

Sint Maarten, Monday November 4th, 2019 : The Caribbean Association of Banks (CAB) Inc. successfully concluded its historic 46th Conference and Annual General Meeting, 30 October-2 November in Philipsburg, Sint Maarten. Over 200 banking and financial services professionals from the Caribbean, North America, South America, Europe, and Asia converged at the Sonesta Maho Beach Resort, Casino, and Spa under the theme: “Shaping a New Era in Caribbean Banking.” A number of firsts were recorded at this year’s edition of CAB Conference, the…