Category: News

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…

FIM Is Designed To Support The Attainment Of A Financially Developed And Vibrant ECCU Region

The Bankers Association of Saint Lucia (BASL) continues its collaboration with the Eastern Caribbean Central Bank (ECCB) in hosting a series of activities as part of Financial Information Month (FIM) 2021. Financial Information Month (FIM) is a regional financial, economic, business and entrepreneurial education campaign executed in the Eastern Caribbean Currency Union (ECCU). Financial Information Month (FIM) has been observed each year since 2002 during the month of October and incorporates a series of initiatives designed to support the attainment…

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…

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:…