Category: CAB

Georgetown, Guyana – March 3, 2021 – Scotiabank announced today that it has reached an agreement for the sale of its banking operations in Guyana to First Citizens Bank Limited (“First Citizens”). The agreement is subject to regulatory approval and customary closing conditions. This transaction supports Scotiabank’s strategic decision to focus on operations across its footprint where it can achieve greater scale and deliver the highest value for customers. Scotiabank’s current operations in Guyana encompass four branches and approximately 180 employees. Following…

Bank of Saint Lucia (BOSL) announces the appointment of Mr. Rolf K. Phillips as Managing Director (MD) effective November 1st 2020. BOSL’s new Managing Director Mr. Rolf Phillips Mr. Phillips, an OECS national, brings over four decades of sound experience in banking, finance and management. He has a commendable history of leadership and has served in many positions across the Eastern Caribbean including, Branch Manager, International Banking Director, Senior Manager of International Banking, General Manager Home Finance, Managing Director Retail…

Castries, Saint Lucia, Tuesday, November 20th 2020: The Caribbean Association of Banks (CAB) Inc. held its 47th Annual General Meeting on Wednesday, November 18th 2020. For the first time since the pan-regional body was founded in 1974, the annual gathering was entirely virtual, including the Members Forum, presentation of the Chairperson’s Report, Audited Financial Statement, voting for the new Board of Directors, and amendments to the Association’s by-laws. The unprecedented event was attended by 50 individuals representing 41 CAB member…

Castries, Saint Lucia Wednesday, October 7th 2020: The Caribbean Association of Banks (CAB) Inc. is pleased to announce Ms. Janelle Muschette of National Commercial Bank Jamaica Ltd. as the latest recipient of the CAB CBMBA Scholarship. Ms. Muschette is a 12-year employee of NCB Jamaica, and currently holds the position of Legal Counsel. Thanks to this prestigious award, Ms. Muschette will take up studies towards a Chartered Banker MBA at Bangor University. She follows Ms. Shanta Louis of Bank of…

Castries, Saint Lucia Wednesday, September 30th 2020: Two more regional banking professionals will be building their credentials with support from the Caribbean Association of Banks (CAB) Inc. The 46-year-old organisation, which represents banks and financial institutions across the Caribbean Community, has awarded two scholarships to undertake studies at the University of the West Indies (UWI). Starting in January 2021, the recipients will pursue a BSc .in Banking and Finance (Special or Compliance and Corporate Governance) at the UWI Open Campus.…