Airports Authority Credit Union Co-operative Society Limited is situated at the South Terminal of the Piarco International Airport. We aim to provide quality financial products and services through a motivated and caring team of professionals.

The idea of a private sector bank was conceived by Dr. Yesu Persaud in the late sixties. It was held in abeyance but reactivated in 1991, at a time of Glasnost and more international openness. The process of liberalization had just begun, with the shift from rigidly controlled to a more open economy emerging. Dr. Yesu Persaud’s entrepreneurial instincts, coupled with his solid understanding of the economy, led him to the view that there was a need for a truly Guyanese bank—a bank that would capture the latest technology and provide export trade finance, all while offering high-quality, personalized and competitive products and services. Indeed, Dr. Persaud envisioned a bank that would serve as a catalyst for growth. It was the beginning of another chapter in Guyanese history - the first private sector indigenous bank was in the making. Demerara Bank Limited was incorporated on 20th January, 1992. A share capital of $250M was required. Dr. Yesu Persaud’s vast personal and indeed corporate connections (local and foreign) acquired through his chairmanship of Demerara Distillers Limited, were tapped into to secure backing for this venture. It received overwhelming support and was very largely over-subscribed. On 12th November, 1994, Demerara Bank Limited was declared open by His Excellency, Dr. Cheddi B. Jagan, President of the Cooperative Republic of Guyana.

The Jamaica Mortgage Bank was established in 1971, as a private limited company under the Companies Act of 1965 with an authorized share capital of $5 million. On June 5, 1973, under Act of Parliament No. 16 of 1973, the Bank was converted to a statutory corporation. The authorized, issued and fully paid-up share capital of the Bank is at present $500 million. The Jamaica Mortgage Bank (JMB) was established with the mandate to finance safe and affordable housing so that all Jamaicans will have access to home ownership. The JMB seeks to mobilize financial resources for on-lending to private and public sector developers and financial institutions, developing an active secondary mortgage market and providing mortgage indemnity insurance.

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.

River Salle Credit Union was registered on July 19, 1962. It began with seventeen dedicated members who started a cooperative which involved in Butter making. Mr. Mignon Thomas was the first president who was followed by Mr. Henry Aberdeen, other officers were Mr. Simon Charles as Secretary/ Treasurer and Mr. Augustine Peters as Assistant Secretary/ Treasurer. Some of the other original members such Mr. Vaughn Mitchell, Mr. Hartley Buddy and Mr. Damian Joseph were also a part of the beginning Cooperative which included many more and of these who are active members to this date. The Credit Unions’ first primary office was located at the Benefit Society Hall at the River Sallee Junction, St. Patricks and has now moved to a more central location in the St. Patricks’ Parish. To this date the RiverSallee Cooperative Credit Union is very proud to have grown to almost three thousand active members with assets in excess of 12 Million EC Dollars.

The Central Bank of The Bahamas was established on 1st June 1974, to carry out the independent monetary policy and financial sector supervisory functions entrusted upon The Bahamas after political independence from Great Britain in 1973. Prior to the establishment of the Bank, there was the Currency Board set up in 1919 which was restricted mainly to issuing currency. The Currency Board era spanned the early evolution of The Bahamas' emergence as an international banking centre during the 1960s, and the corresponding challenges posed by the inadequacies of legislation to properly regulate and supervise these activities. Although some relief was provided by the Banks and Trust Companies Regulation Act (1965), which enjoined stringent licensing and operating requirements on banks, it was felt that a more substantive institutional authority was required to oversee the rapidly expanding banking sector. This need for an alternative institutional arrangement with statutory powers became even more apparent amid the turbulent developments in global financial markets, marked by the 1967 devaluation of the Pound Sterling, to which the local currency was linked. Based on the emerging strong trade linkages with the United States, the Government de-linked the Bahamian dollar (formerly the pound) from its peg with the Pound Sterling, and established the currency on par with the United States' dollar. This action, however, resulted in massive exchange rate losses for banks which, in the absence of alternative domestic investment opportunities, held most of their assets in sterling balances. These events led to the demise of the Currency Board, which gave way to the establishment of the Bahamas Monetary Authority (BMA) in 1968. The Authority assumed the aggregate foreign exchange risks of the country by redeeming domestic banks' surplus foreign currency balances for Bahamian dollars, instituted a voluntary system of reserve requirements for clearing banks, and began auctioning Government Treasury bills as an alternative domestic investment for financial institutions. Despite having an expanded role, including supervisory authority, a serious shortcoming of the BMA was the absence of the legal authority to employ active monetary policy measures. This fundamental weakness came into sharp focus during the late 1960s, when the Authority was unable to exercise control over domestic credit expansion in order to correct the worsening balance of payments position. A decade later in the 1970s, the deficiency was further heightened, when the global economy battled the worldwide recession, brought on by the OPEC oil crisis. These and other developments led to the eventual establishment of a Bahamian central bank.

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.