Category: News

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…

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…

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…

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,…