Category: CAB

Largest Indigenous Bank in the ECCU Joins DCash Pilot 🇰🇳

The St. Kitts-Nevis-Anguilla National Bank Limited (SKNANB), the largest indigenous commercial bank in the Eastern Caribbean Currency Union (ECCU), recently became the newest financial institution to join the DCash Pilot. With SKNANB’s enrollment in the pilot, it means that its retail and corporate customers can now sign-up for a DCash wallet. DCash, the digital version of the EC dollar, provides a Safer, Faster, Cheaper way to transfer funds and process payments. SKNANB is now the twenty-first financial institution in the…

Dr Jide Lewis appointed deputy governor at the Bank of Jamaica 🇯🇲

Career central banker Dr. Jide Lewis has been appointed to the position of Deputy Governor, Financial Institutions Supervisory Division and as Deputy Supervisor of Banks, Financial Holding Companies, and Other Specified Financial Institutions (“Deputy Supervisor”) of the Bank of Jamaica, with effect from 16 June 2022. In this capacity, he will have responsibility for ensuring the relevance and adequacy of the legislative and regulatory framework and operational infrastructure to satisfy the statutory and supervisory responsibilities necessary to support the Bank’s financial system stability…

1st National (St. Lucia) Appoints Fletcher St. Jean as MD 🇱🇨

Castries, Saint Lucia, May 11, 2022: Following an extensive search, 1st National Bank (St. Lucia) Limited has confirmed the appointment of Mr. Fletcher St. Jean to lead the institution as its Managing Director. An innovator, and an effective change manager, Mr. St. Jean brings a wealth of banking & finance experience that stretches over 20 years. A student of Finance, Mr. St. Jean began his banking and finance career with Citigroup Banking Division as one of the youngest managers in…

ECCB Wins International Award for Polymer Notes

The Eastern Caribbean Central Bank (ECCB) has won the Reconnaissance International Regional New Banknote Series Award for its family of EC Polymer Notes. The prestigious award recognises newly introduced banknotes and ID documents that exemplify superior technical sophistication and excellence in design and security. In his virtual acceptance speech, Acting Director in the ECCB’s Currency Management Department, Norman Sabaroche, thanked Reconnaissance International for the award, noting that it is a fitting accolade for the ECCB’s innovation of changing the substrate…

CAB Congratulates Top CAPE Financial Services Studies Student

Saint Lucia, Thursday 9 March, 2022: The Caribbean Examinations Council (CXC®) hosted its 2021 Regional Top Award Ceremony recently. Among those honoured was the best-performing student in Caribbean Advanced Proficiency Examinations® (CAPE®) Financial Services Studies. In recognition of her achievement, Anatassia Hastings received a trophy, and an award of USD $2,500.00 from the Caribbean Association of Banks (CAB) Inc. Miss Hastings is the first recipient of the CAB award for this subject. She achieved a Grade 2 in Financial Services…

CAB Chairperson & CEO to attend FIBA AML Conference 2022

Saint Lucia, Friday 25 February, 2022: Over 1,000 bankers, financial services professionals, regulators, and service providers from across the Americas are expected to be in attendance at the 2022 FIBA AML Compliance Conference, 28 February to 2 March at the Trump National Doral in Miami, Florida, USA. The event is being hosted by FIBA, recently rename the Financial & International Business Association, and previously known as the Florida International Bankers Association. The conference will be attended by the chairperson and…

Consolidated Finance is now ANSA Merchant Bank 🇧🇧

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

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

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

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…