Category: CAB

Consolidated Finance is now ANSA Merchant Bank 🇧🇧

posted by Category: CAB, General, News 0 Comment

In a move which now opens up many new and desirable financial options to the business and private sectors, Consolidated Finance is rebranding as ANSA Merchant Bank (Barbados) Limited. This transition unites the legacies of two strong, well-respected, regional financial institution which have been operating in the Caribbean for well over four decades. Consolidated Finance is a household name in Barbados, providing from hire purchase loans to deposits and leases. ANSA Merchant Bank, headquartered in Trinidad and Tobago, is a…

Caribbean Bankers Urged To Show Leadership

posted by Category: Anti-Money Laundering, CAB, CBDC, Correspondence Banking, COVID-19, FinTech, General, News 0 Comment

Saint Lucia, Tuesday, November 2nd, 2021: Nearly 150 Caribbean commercial bankers, private bankers, regulators, regional and international agencies, service and solution providers, and vendors convened online in recent days for CAB Conference 2021. For the first time, the Caribbean Association of Banks (CAB) Inc. organised the region’s foremost gathering for the financial services industry via a virtual fair, having met face-to-face in years prior. The event took place October 26-29, 2021. The theme of this year’s Conference – Beyond The Pandemic…

Indigenous Banks In The ECCU, Aruba Agree To Buy CIBC FCIB Operations

posted by Category: CAB, Correspondence Banking, News 0 Comment

FirstCaribbean International Bank Limited has announced that its wholly-owned subsidiary, FirstCaribbean International Bank (Barbados) Limited (“FCIB Barbados”), has agreed to sell its banking assets in St. Vincent and the Grenadines, Grenada, the Commonwealth of Dominica, and St. Kitts and Nevis, to: The Bank of St. Vincent and the Grenadines Ltd., Grenada Co-Operative Bank Limited, National Bank of Dominica Ltd., and St. Kitts Nevis Anguilla National Bank Ltd. Its wholly-owned subsidiary, FirstCaribbean International Bank (Cayman) Limited, has agreed to sell its…

Jamaican, Saint Lucian Bankers Win CAB Scholarships

posted by Category: CAB, News 0 Comment

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

posted by Category: CAB, General, News 0 Comment

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 IS On The Move

posted by Category: CAB, News 0 Comment

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…

Caribbean Banks Donate $60,000 To Saint Vincent & The Grenadines

posted by Category: CAB, General, News 1 Comment

More than 10% of the population of Saint Vincent and the Grenadines was displaced by the repeated eruptions of the La Soufrière volcano in April 2021. The eyes of the world were on the Breadfruit Isle. Crops were destroyed, homes covered in pyroclastic flow, and evacuees forced to move into shelters, or made to seek refuge with friends and family in other parts of the country or overseas. Ashfall continued to affect neighbouring territories for several weeks after the initial…

ECCB, Bitt Win Global Fintech Awards

posted by Category: Anti-Money Laundering, CAB, FinTech, News 0 Comment

A Caribbean financial technology partnership has been given global recognition. In March 2021, the Eastern Caribbean Central Bank (ECCB) launched the world’s first retail central bank digital currency (CBDC) within a currency union. DCash, as the CBDC is known, was developed and deployed in collaboration with Bitt, a global fintech company based in Barbados. Both the ECCB and Bitt were recognised on 16 June 2021, in Central Banking’s fourth annual FinTech RegTech Global Awards. The awards highlight official institutions’ success…

PROVEN Proposes to Acquire Fidelity Bank (Cayman) Limited

posted by Category: CAB, News, Uncategorized 0 Comment

PROVEN Investments Limited (PROVEN) is pleased to announce that it has entered into a share purchase agreement with Fidelity Bank & Trust International Limited, a company incorporated in the Commonwealth of The Bahamas, to acquire the entire issued share capital (the Shares) of Fidelity Bank (Cayman) Limited (FBC), conditional on receiving approval by the Cayman Islands Monetary Authority. FBC is a financial services company incorporated in the Cayman Islands and licensed under the Bank and Trust Companies Act as a Category…

ECCB Officially Announces Sale of RBC Assets

posted by Category: CAB, News 0 Comment

The Eastern Caribbean Central Bank (ECCB) advises that effective 1 April 2021, the Royal Bank of Canada’s (RBC) operations in Antigua and Barbuda, the Commonwealth of Dominica, Montserrat, Saint Christopher (St. Kitts) and Nevis, and Saint Lucia will cease, having been acquired by a consortium of national banks. The Consortium of banks comprises: Antigua Commercial Bank Limited (ACB), National Bank of Dominica Limited (NBD), Bank of Montserrat Limited (BOM), the Bank of Nevis Limited (BON), and 1st National Bank St.…