Author: Caribbean Association of Banks Inc

FIBA Conference: A New Take on De-Risking

Saint Lucia, Wednesday 29 March 2023- Thursday 16 March concluded the 2023 FIBA AML Conference which was hosted at the Trump National Doral in Miami, Florida, USA. The last of the conference was the Annual Caribbean Financial Roundtable where Chief Executive Officer, Ms. Wendy Delmar represented the Caribbean Association of Banks Inc. Ms. Delmar shared that the roundtable ended on a positive note. This year’s Roundtable featured industry leaders and speakers from US and Caribbean financial institutions including banks, fintech companies…

Republic Bank partners with the Forestry Division to plant over 120 Trees

CASTRIES, St. Lucia- –Republic Bank (EC) Limited-St. Lucia partnered with the Ministry of Agriculture Fisheries, Food Security and Rural Development, Forest and Land Resources Division to engage in a tree planting initiative, on March 11, 2023. The tree planting exercise took place at the beautiful Marquis Estate located in Babonneau where approximately 120 trees were planted by Republic Bank staff. According to Gezella Claxton – Senior Country Lead for Republic Bank St. Lucia Branches, “It was so heartwarming to see…

Antigua Student Aces CAPE® Financial Services Studies 🇦🇬

Miss Kiasha Warner is the second recipient of the Caribbean Association of Banks (CAB) Inc. Award for Most Outstanding Performance in CAPE® Financial Services Studies. A student of Antigua State College in Antigua & Barbuda, Miss Warner was so recognised when the Caribbean Examinations Council (CXC®) hosted its 2022 Regional Top Award Ceremony. Miss Warner received a trophy, and an award of USD $2,500.00 from CAB, the representative body and established voice for the regional banking and financial services community.…

Central Bank authorizes two companies to issue electronic money in Trinidad and Tobago 🇹🇹

The Central Bank of Trinidad and Tobago (CBTT) says it has issued provisional registrations to two additional companies, including the Telecommunication Services of Trinidad and Tobago (TSTT) as electronic money (e-money) issuers. The CBTT said the provisional registration, which has also been given to PESH Money Limited (PESH), cover an initial six-month period and authorizes the two companies to issue e-money from March 1, 2023. “Under the terms of the registrations, both companies will be allowed to enlist new customers…

Bank of Nevis Limited Completes BON Bank Limited Acquisition 🇰🇳

The Eastern Caribbean Central Bank (ECCB) has advised that effective 1 February 2023, the operations of BON Bank Limited, located at Chapel Street, Charlestown, Nevis will cease, having been subsumed into the operations of The Bank of Nevis Limited. BON Bank Limited was formerly RBTT Bank (SKN) Limited and owned by Royal Bank of Canada (RBC). Under Phase I of the RBC acquisition, the Bank of Nevis Limited acquired the 95.78 per cent majority shareholding and 1000 Class A shares…

Alwyn Jordan to Act as Central Bank of Barbados Governor 🇧🇧

Mr. Alwyn Jordan has been appointed Acting Governor of the Central Bank of Barbados by its Board of Directors, until further notice. The appointment of Mr. Jordan, who has served as Deputy Governor since October 2019, is consequent on the departure of Mr. Cleviston Haynes, who demitted office on January 31, 2023. “I wish, on behalf of the entire management and staff, to thank Mr. Haynes for the steady hand with which he led the Bank during his six years…

Sagicor Financial Company Announces the Retirement of Its CEO, Dodridge Miller, And Appointment of Andre Mousseau as Its New CEO

Toronto and Barbados (January 26, 2023) – Sagicor Financial Company Ltd. (TSX: SFC, “Sagicor” or “the Company”) today announced that Dodridge D. Miller will retire as President and Chief Executive Officer effective as of the end of March 2023. Mr. Miller will step down from his current executive duties after more than 30 years of service to Sagicor, including serving as President and Chief Executive Officer since 2002. Mr. Miller will continue to serve on Sagicor’s Board of Directors. Sagicor’s…

CAB Represents At International Fora

Over the coming week, the Caribbean Association of Banks (CAB) Inc. is being represented at a number of events of import to the regional banking sector. Participation in these fora is in line with the CAB’s status as the representative body and recognized voice for banks and other financial institutions in the Caribbean. CAB Chairperson Ms. Leesa Kow and CEO Ms. Wendy Delmar will represent CAB at a Fireside Chat and Global Economic Outlook on 8 December in Miami, Florida,…

Caribbean Bankers Elect New Board

Managing Director of the Jamaica-based JN Bank, Leesa Kow is the new chair of the Caribbean Association of Banks (CAB) Inc. Ms. Kow was elected unopposed during the Association’s 49th Annual General Meeting held on Wednesday, 26 October at the Harbor Club Resort in Saint Lucia. She replaces Dalton Lee, founder and chairperson of the Bank of Montserrat, who served two terms as chairperson of CAB. Mr Lee will, however, has been elected to serve as director for the Eastern…

Caribbean Bankers To Meet In Saint Lucia 🇱🇨

Saint Lucia, Friday, October 21st, 2022: More than 200 bankers, financial services professionals, regulators, Government officials, and representatives of regional and international agencies from the Caribbean, North America, South America, Europe, Asia, and Africa will meet in the coming days for CAB Conference Saint Lucia 2022. It will be the first time since 2019 that the foremost gathering of regional banks will be convened in person, and from all reports, the highly anticipated event will be crucial and transformative. The…