Author: Caribbean Association of Banks Inc

ECCU Bankers Association Elects New Leadership

On 30th July 2021, The Eastern Caribbean Currency Union (ECCU) Bankers Association elected a new executive to run its affairs and Saint Lucian Ms. Carol Mangal became its 7th President. Ms. Mangal is the first woman to lead this organization. Ms. Mangal, a career Banker with over 33 years’ experience in the industry, is currently the President of the Bankers Association of Saint Lucia. Under her leadership, the Bankers Association of Saint Lucia has found renewed purpose and direction, and…

CAB Welcomes Dominica Appointments

Saint Lucia, Tuesday, October 15th, 2021: The Caribbean Association of Banks (CAB) Inc. has extended congratulations to two veteran bankers who have been appointed to leadership positions with a CAB member organisation. The National Bank of Dominica (NBD) recently announced Mrs. Annette Severin-Lestrade as its new Managing Director, and & Mrs. Linda Toussaint-Peter as Deputy Managing Director. This is a first for the bank, with two women in the most senior executive positions. Mrs. Lestrade brings to her new position…

Gonesh Assumes the Reigns At Surichange Bank

PARAMARIBO – Herman Vijzelman, Chief Executive Officer of Suriname’s Surichange Bank NV, has retired. After running the bank for two years, he stepped back on July 15. The position of acting CEO is assumed by Terence Gonesh, who has also been named Commercial Director. The management and supervisory board reported the personnel changes in recent days. A press release states that Mr. Gonesh has been appointed to the new position “with the full support of the supervisory board and the…

Jamaican, Saint Lucian Bankers Win CAB Scholarships

Castries, Saint Lucia Wednesday, August 6th 2021: The Caribbean Association of Banks (CAB) Inc. has announced the two latest recipients of scholarships to the University of the West Indies (UWI). They are Mr. Darien Miller of Jamaica National (JN) Bank, and Ms. Rochelle Alphonse of Sagicor Finance (Saint Lucia). Mr. Miller already holds a BSc in Business Administration from the University College of the Caribbean, and he has worked with JN Bank for 13 years, including his current role as…

CAB Lauds New ECCB Appointments

Chairmanship of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) has been transferred to the Honourable Premier and Council Member for Montserrat, Joseph Easton Farrell, during a Handing Over Ceremony on 23 July. Premier Farrell succeeds Outgoing Chairman, the Honourable Prime Minister and Council Member for Saint Christopher (Saint Kitts) and Nevis, Dr. Timothy Harris. The Monetary Council is the highest decision-making authority of the ECCB and comprises the eight Ministers for Finance of the ECCB member countries:…

CAB Bulletin Issue 7, July 2021

Welcome to Issue 7 of the CAB Bulletin In this issue, we review the 5th CEO & Directors’ Forum, take a deep dive into our annual Travel Survey (especially relevant now!), and start prepraing for CAB Conference Saint Lucia 2021. We also feature our extension of SVG Relief Support, our new partership with CGTI, the launch of the CAB CAB Hall Of Fame, & MORE! Enjoy! DOWNLOAD…

CAB IS On The Move

The Caribbean Association of Banks (CAB) Inc., the recognised voice for the region’s banking and financial services industry, today announced that their secretariat will be moving to a new location. Effective 1 August 2021, the organisation will have its physical headquarters at Bella Rosa, Gros Islet, Saint Lucia. All other contact information remains unchanged. The move places CAB closer to the head offices for several of the local banks, which fall under its umbrella. The new CAB headquarters will also…

JN Bank UK Rated ‘Excellent’ by Consumers on Global Review Site

JN Bank UK, the JN Group subsidiary company, which, in October 2020, became the first Caribbean bank to be established in the United Kingdom, has been rated “excellent” by reviewers on the Danish consumer review website, Trustpilot.com. The site reviews businesses worldwide, with nearly a million reviews posted each month. The company is listed on the London Stock Exchange. JN Bank UK received an aggregate score of 4.8 out of five by 349 consumers who posted reviews to the site.…

Work Advanced To Commence Pilot Implementation Of Jamaica CBDC In August

Bank of Jamaica (BOJ) Governor, Richard Byles, says work is being finalised to commence pilot implementation of the proposed central bank digital currency (CBDC) locally, in August. Mr. Byles indicated that technical support for the CBDC’s rollout, among other inputs, are being reviewed to facilitate onboarding of the first financial institution – National Commercial Bank (NCB) – to test the system. The Governor said between September and December, the BOJ will look to onboard more banks, adding that “we will…

Caribbean Banks Partner With CGTI For Good Governance Training

Rodney Bay, Saint Lucia. An unprecedented collaboration has been agreed between the Caribbean Association of Banks (CAB) Inc. and the Caribbean Governance Training Institute (CGTI), aimed at strengthening the Caribbean banking industry through the provision of comprehensive good governance training. As the number one governance training and certification institute in the Caribbean Region, CGTI will now become the exclusive governance training provider for CAB, offering its unique suite of internationally recognized courses to the 81 bank members of the CAB.…