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Caribbean Financial NetworkBarbados Banks

Royal Bank

rbc-royal
Biz Phone
1 888 847-5803
RBC’s history in the Caribbean goes back a long way. In fact, the Bank established branches in the Caribbean before some of Canada's western provinces. RBC’s roots began when a group of merchants from Halifax, Nova Scotia who were engaged in the thriving sea-going trade between Halifax and the West Indies formed the Merchant's Bank in 1864. In those days Canadian southbound ships carried mainly flour, codfish and timber, returning north with their cargoes of sugar, rum, cotton and spices. Through branches established in all major trade centres in the Caribbean, RBC offered valuable facilities for promoting trade. Early days The Bank's first venture south was Bermuda in 1882 followed by Cuba in 1899. By 1914, the Bank's international network included Puerto Rico, Bahamas, Trinidad, Jamaica, Dominican Republic, Barbados, British Honduras (now Belize) and Grenada. In that same year, RBC purchased the British Guiana Bank that had opened in 1836. By 1984 the Bank had opened a total of 15 branches in Guyana (formerly British Guiana) but in November 1984 RBC ceased to operate there. The Bio-diversity Centre in Georgetown, created to study Guyana's largely intact rain forest, was built with funds from RBC's operations in Guyana, since foreign exchange restrictions made it impossible to take them out of the country. Expanding through the Caribbean In 1915, branches were established in three Eastern Caribbean islands - Dominica, Antigua and St. Kitts. Between 1917 and 1920 the bank opened branches in Nevis, Montserrat, Tobago, Martinique, Guadeloupe, Haiti and St. Lucia. Branches were subsequently opened in St. Vincent in 1959 and Grand Cayman in 1964. By 1996, RBC, or its subsidiaries, had consolidated its operations with 1,190 employees in Antigua, Bahamas, Barbados, Cayman Islands, Dominica, Montserrat, St. Kitts and St. Lucia. In 2002, management of the entire area of eight countries and 14 islands was moved to Nassau, Bahamas from Toronto, Canada, with a regional office in Barbados. In 2008, RBC completed the purchase of RBTT Financial Group and created one of the most extensive banking networks in the Caribbean. Today RBC has a presence in 17 countries and territories across the Caribbean, stretching from the Bahamas in the North to Trinidad and Tobago in the South, serving over one million clients. RBC’s Caribbean headquarters are based in Port-of-Spain, Trinidad.

Scotiabank Barbados

scotia-bank
Biz Phone
246-426-7000
Bridgetown
As Canada's most international bank, Scotiabank has been operating in Barbados since 1956. Today we operate four branches across the country and offer a complete range of retail and commercial banking services — including online banking, electronic cash management, and offshore banking services. Scotiabank has enjoyed a history of growth and prosperity in Barbados. What began with a small branch in Bridgetown in 1956 has evolved into a conveniently located network of four branches with 249 employees and 28 ATMs, providing a wide range of financial services to individuals and businesses alike. We're a strong supporter of various community initiatives and our charitable contributions range from sports programs to education and arts & culture.

J & T Bank and Trust

jt-bank
Biz Phone
1-246-430-8650
St. Michael
J&T Bank and Trust Inc. is a Barbados domiciled International Bank and Trust offering a variety of wealth management solutions tailored to the needs of our high net worth individuals and corporations. As a chartered bank incorporated in Barbados since 1966, J&T Bank and Trust is committed to ensuring the highest standards of personalized service to our clients. With a diversity of service offerings, the Bank is a leader in international business services to high net worth individuals & corporate clients. Through our global network of corporate partners & utilizing knowledge and expertise, we create value by providing access to Trust, Corporate, Banking and Investment solutions based on our clients’ needs.

Republic Bank Barbados

republic-bank
Biz Phone
1-246-227-2700
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Bridgetown
Vision: We, Republic Bank, the Caribbean financial institution of choice for our staff, customers and shareholders, set the standard of excellence in customer satisfaction, employee engagement, social responsibility and shareholder value while building successful societies. Mission: Our mission is to provide personalised, efficient and competitively-priced financial services and to implement sound policies which will benefit our customers, staff, shareholders and the communities we serve.

First Citizens Barbados

first-citizens
Biz Phone
246-431- 4500
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BridgetownSt. Michael
First Citizens is a strong, regional financial institution with operations in Barbados, Trinidad & Tobago, St. Lucia, St. Vincent and Costa Rica. We are the best rated indigenous financial institution in the English-speaking Caribbean and have won numerous awards over the years including Bank of the Year 2012 (Trinidad) from Banker Magazine. First Citizens Bank (Barbados) Limited opened its doors in 2012 after the purchase of Butterfield Bank (Barbados) Limited. We offer a full range of banking services including savings accounts, chequing accounts, credit card services, personal lending, corporate banking and premium banking. An industry leader in the delivery of quality customer service, we partner with our customers to help them achieve their financial goals.

Caribbean Development Bank

"Moving The Caribbean Forward"

caribbean-deve-bank
Biz Phone
246 539 1600
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St. Michael
The Caribbean Development Bank is a regional financial institution, which was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The Bank came into existence for the purpose of contributing to the harmonious economic growth and development of member countries in the Caribbean, and promoting economic cooperation and integration among them, having special and urgent regard to the needs of the less developed members of the Region. Read more in the Agreement Establishing CDB.

Central Bank of Barbados

centralbankbarbados
Biz Phone
246-436-6870
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The Central Bank of Barbados was established in May 1972 by the Government of Barbados to advance the pace of economic development in the country. Prior to 1972, the East Caribbean Currency Authority (ECCA) was the institution responsible for the management of monetary matters for most of the smaller Eastern Caribbean countries, including Barbados. However, the ECCA did not regulate financial institutions, and since it held responsibility for a number of territories, there was no guarantee that ECCA’s policies would be acceptable, or appropriate to each jurisdiction.