Corporate Profile The First Citizens Group is one of the leading financial services groups in Trinidad & Tobago. We offer a full range of retail, corporate and merchant banking services as well as asset management, trustee and brokerage services. The Group is headquartered in Trinidad & Tobago. First Citizens Bank, which is the largest part of the Group, has an extensive retail branch network in Trinidad & Tobago with a large deployment of ATM and point of sale service in both islands. In 2009 First Citizens acquired Caribbean Money Market Brokers Limited (now rebranded as First Citizens Investment Services Limited), the largest full service securities trading company in the Caribbean, with offices in Trinidad & Tobago, Barbados, St. Vincent and St. Lucia. In January 2012 the Group ventured into the Central American market and opened a representative office in Costa Rica, which is expected to propel the First Citizens brand abroad. The Group’s growth and expansion continued in August 2012 with the acquisition of Butterfield Bank in Barbados (now called First Citizens Bank [Barbados] Limited). These acquisitions round out the services that the Group offers its customers, both local and regional, making it possible for us to address every financing or investment need of our customer base. They also provide a physical footprint for the Group in the Caribbean region. On 15 July 2013, First Citizens launched the largest Initial Public Offering (IPO) of shares in the history of the TTSE to date. The market value of the First Citizens IPO was approximately $1.1 billion at an offer price of $22.00 per share. The Government of the Republic of Trinidad and Tobago offered 48,495,665 shares in First Citizens for sale to the public, representing 19.3% of the total shareholdings. For First Citizens, this IPO assisted in widening its capital base in order to facilitate its future strategic expansion plans. To December 2016, First Citizens’ shareholders have experienced over 50% capital appreciation and a total dividend income return of 5.59%. The resounding success of this First Citizens IPO is evident in the size of the investing public, the returns to the shareholders and the continued strength and performance of First Citizens.

In June 2008, the Royal Bank of Canada (RBC) acquired RBTT Financial Group (RBTT) creating RBC Financial Caribbean, one of the most extensive banking networks in the Caribbean. As one of the Caribbean’s leading diversified financial services companies, RBC provides personal and commercial banking, wealth management, corporate and investment banking, insurance and trust and asset management services to a wide range of clients, including individuals, small businesses, general commercial entities, regional and multi-national corporations and governments. With more than 100 years of heritage serving the region, RBC is positioned to give customers access to an expanded network of international financial services with a broader range of products and greater geographic reach. At RBC, our greatest assets enter and leave our offices every day. We are fortunate to have the best and the brightest serving our clients, working together to deliver on our strategy, and creating value and growth for our shareholders.

We started in 1992 as the first money market broker in Jamaica. Now, we have over 220,000 clients across our operations in Jamaica, Trinidad and Tobago, and the Dominican Republic. A lot has evolved over the years, but one thing that hasn’t is our core philosophy: love motivates us to serve our clients and they are always at the heart of what we do. The four pillars of our values are love, ethics, credibility, and togetherness. These are the things that have sustained us as both a people and a financial institution. It is our duty to always act out of genuine intention and respect for our clients and it is our mission to help guide them to their financial objectives. We are experienced, strategic, and hard-working as an institution. And part of that is always staying happy and positive as an organization. We are a financial institution, but our core is love. It’s been this way since the day we started, and no matter what else changes, we will not.

Our commitment to you is backed by experience and stability, accompanying over 60 years of continuous and progressive banking operations in Trinidad and Tobago. We draw on our past to help you uncover new opportunities for your future, giving you the power to make better off possible. Scotiabank first opened a branch in Port-of-Spain, Trinidad in 1906. However, after an epidemic of yellow fever that year which took the life of the manager, the branch closed to prevent the contagious disease from spreading to other staff. In 1954 Scotiabank returned to Port-of-Spain and further expanded in Trinidad with seven new branches in the late 1960s, bringing the total to 13. In 1973, The Bank of Nova Scotia Trinidad and Tobago Limited issued 17,000,000 shares to local shareholders, who eventually acquired about 23 per cent of the capital funds. Again in 1979, additional shares were sold, bringing local holdings to slightly more than 50 per cent. In 1998, the bank's name was changed to Scotiabank Trinidad and Tobago Limited. Today, Scotiabank Trinidad and Tobago Limited has approx. 1,599 employees, over 96 automated teller machines (ATMs), 23 branches and 3 sales centres, offering a broad range of retail, commercial and cash management services.

Trinidad and Tobago is the largest economy in the Caribbean Community (Caricom) and is highly dependent on its petroleum sector, which has contributed approximately 36 percent of GDP over the last six years. In the early 1990s the petroleum sector evolved from being oil dominant to a natural gas dominant sector. Despite being one of the world’s largest exporters of ammonia and methanol, the energy sector is currently undergoing a transformation. The state-owned Petroleum Company of Trinidad and Tobago Ltd. (PETROTRIN) was officially closed in late 2018, due to its low profitability. Three new companies, Heritage Petroleum Company Ltd, Paria Fuel Trading Company and Guaracara Refining Company Ltd, were formed as part of the restructuring process. Since 2015, the energy sector has seen its fair share of problems, with weak global energy prices and declining oil and gas production.