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Caribbean Financial Network

Trinidad Stock Exchange

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Biz Phone
868-625-1079
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Port of Spain
The Securities Market which informally existed in Trinidad & Tobago for well over twenty years prior to the opening of the Trinidad & Tobago Stock Exchange really achieved significance in the early 1970's when Government decided as a matter of policy to localise the foreign owned commercial banking and manufacturing sectors of the economy. The thrust of the policy was to get such companies to divest and sell a majority of their shares to nationals. Two bodies chosen to effect this policy were the Capital Issues Committee which was set up by the Ministry of Finance in July 1970 to direct developments in the primary market and the Call Exchange (an association of share dealers) which was established under the umbrella of the Central Bank in August 1965 to monitor activities in the secondary market.

Teachers and Salaried Workers Credit Union

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Biz Phone
242-502-9200
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In 1976. The Bahamas Union of Teachers Executive Committee sought to investigate ways and means of propelling the membership towards greater financial security and economic stability. Presented with this alternative, the Credit Union' idea, they explored the philosophy: "People helping people to help themselves." Being satisfied that this was the way forward, the executive drafted the necessary Bye-laws embracing the Credit Union Philosophy. Application for registration was made to the Department of Co-operative Development in 1976. On February 14, 1977, The Bahamas Union of Teachers Co-operative Credit Union was officially registered under the Co-operative Societies Act of 1974. We started with twelve (12) members and in April 1977, the first deposit of Ninety Dollars ($90.00) was made to the Credit Union's bank account. Four months later, the first loans were made to members.

Antigua Commercial Bank

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Biz Phone
268-481-4200
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St. Johns
Antigua Commercial Bank (ACB) is the largest indigenous commercial bank in Antigua & Barbuda, with an asset base of over one billion Eastern Caribbean Dollars. ACB was incorporated on October 20, 1955, as The Antigua Co-operative Bank Limited, when it registered a share capital of EC$100,000 and became the country's first indigenous bank and public company. The Bank’s operations started on January 3, 1956, at the former Chelsea Building on Newgate Street in St. John’s, its first location. In its early years, ACB became well known for assisting entrepreneurs and small business owners, who started their operations as national pioneers. The Bank also allowed customers to open savings accounts with a minimum amount as low as a penny (2 cents), thus earning the name “Penny Bank” in its formative years.

Barbados Public Workers' Co-operative Credit Union Limited

barbadocreditunion
Biz Phone
+1 246-622-9000
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In 1968, members of the Civil Service Association Trade Union (which represented the majority of civil servants in Barbados) made an application and were granted permission to form a Savings Society. By 1969 the objective of the executive of this Society was to have it registered as a Credit Union. On May 6th, 1970 the Barbados Civil Service Association Credit Union Limited (as we were then known) was registered. In 1977, in order to broaden its bond of membership, the name was changed to Barbados Public Workers' Co-operative Credit Union Limited (BPWCCUL). This bond would now allow the inclusion of former civil servants, staff of statutory boards, husbands, wives and children of members as well as employees of the National Union of Public Workers.

Bank of The Bahamas

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Biz Phone
242-397-3000
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Nassau
When Bank of The Bahamas received the Euromoney Award for Excellence this year for the fourth time and was named Best Bank in The Country by The Banker, part of the Financial Times Group, for the third time during the same fiscal year, it was an historic milestone in the nation and for the young bank. No other Bahamian bank had ever come close to achieving such international recognition. Yet Managing Director Paul McWeeney hesitated to publicize the two awards, believing the news should be shared with shareholders and stakeholders as opposed to making it a reason for boasting when so many in the nation are still struggling. The Bank, he believes, should continue to do what it has done to grow from infancy 24 years ago to where it is now, rather than basking in recognition.

St. Francis Xavier Credit Union Ltd.

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Biz Phone
501-422-2892
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Founded in 1947 by Rev. Henry Suttie S.J. It functioned for some years, but it was financially weak and stagnant. In December of 1979 it was re-organized by Fr. James Walsh S.J., and under new management, it has been growing and thriving since. St. Francis Xavier Credit Union Ltd. is a cooperative financial institution, having a Cooperative Structure. However, Credit Unions are different from other financial institutions in several unique ways. They are organized for the purpose of providing financial services to a certain group of people, the members. All surplus earnings are returned to its members in the form of dividends and rebates annually. It is a democratically controlled organization; each member has one vote. “People Helping People” is the basic philosophy of the Credit Union.

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.

Coop Reservations

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Biz Phone
809.686.3725
Santo Domingo, National District.
History The initiative to create COOP-RESERVES arose in December 1987, at a working meeting with the Human Resources Directorate of the Reserve Bank, with the aim of achieving a means of dealing with inflation. The purchasing power of personnel was considered to acquire basic goods and services directly from producers, in large quantities. We are the cooperative company of the members of the Family Reservations, initiative of a group of employees in 1987 they decided to unite to create the necessary conditions to satisfy their common needs, under a cooperative philosophy. In 1990 it was incorporated by Decree 82-90 of the Executive Power, under the name of "Cooperativa de Servicios Múltiples de la Personal de Banco de Reservas, de la República Dominicana".