Caribbean Financial Network

Gateway Co-operative Credit Union (2017) Ltd

" Your Gateway to Financial Success"

Biz Phone
876-952 1190-2
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Montego Bay
The unification of the Hanover and Montego Credit Unions gave birth to Gateway Co-operative Credit Union (2017) Limited on January 3, 2017. Post-merger, Gateway is now the 6th largest Credit Union in Jamaica, boasting an asset size of approximately $8.1 billion JMD, with a membership of over 60,000 members in the Cornwall Region. Our Mission "To empower our members by providing excellent service and sound financial guidance to create partnerships that will result in prudent, progressive and competitive business decisions, yielding mutual success." OUR VISION " To be the premier financial institution, by empowering our members for success through innovative products and services. "

Grandbay Cooperative Credit Union

Biz Phone
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The credit union movement began with a simple idea - that people could achieve a better standard of living for themselves and others by pooling their savings and making loans to each others. The birth of the Credit Union movement in Dominica was greatly influenced by the Roman Catholic Church, with Sister Alicia de Tremerie, a Belgium-born nun being recognized as the Founder. Credit unions are owned by the membership, making it one of the unique financial institution. Credit unions put service first and add lots of caring when offering services to their members. It is about “people helping people.” giving the people a better life and improving the communities. Like other credit unions world wide, the Grand Bay Co-operative Credit Union Limited is membership owned. It started in 1983 as a saving union under the leadership of pioneers such as James Alexander, Maurice Elizee, MariaJules, Bonti Liverpool and others. GBCCU began with 20 members and $200.00 worth of shares. It became a registered co-operative in 1986. GBCCU serves members from Grand Bay, Tete Morne, Dubique, Bagatelle, Petite Savanne and others in the vicinity.

Republic Bank Guyana

Biz Phone
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Republic Bank (Guyana) Limited's history spans 180 years, originating in 1836 as the British Guiana Bank, which has several firsts: It was the first commercial bank to start business in the colony of British Guiana. It was the first indigenous commercial bank and it was the first bank owned by the indigenous private sector. In 1914 the British Guiana Bank was purchased by the Royal Bank of Canada and became the second foreign-owned commercial bank in the history of the country. In 1984 after 70 years in Guyana, the Royal Bank closed its operations and sold the bank to the Government of Guyana. Thus came into being the new financial entity – the National Bank of Industry and Commerce Limited, which was converted into a public company when the Government sold approximately 50% of its stock to local private sector interests. National Bank of Industry and Commerce Limited is the only bank in Guyana that has changed from local ownership to foreign ownership then, full circle, to local ownership again. The establishment of the first private indigenous bank to operate in British Guiana was on November 11, 1836. Business commenced in Georgetown on February 16, 1837 and in New Amsterdam on March 06, 1837. Prior to this establishment the economy of the country was not conducive to banking as both external and internal trade were largely on a barter basis. Many products such as tobacco, sugar, cotton and rum, were used in exchange for other goods. Money was not yet accepted as a medium of exchange. Towards the end of the 18th century, however, Berbice, Demerara and Essequibo began to experience economic growth and with it, an increase in the circulation of money.

RBC Trinidad & Tobago

Biz Phone
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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.

Scotiabank Antigua

Biz Phone
St John's
As Canada’s most international bank, Scotiabank has been operating in Antigua for more than 50 years. Today we operate two 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 Antigua. Our first branch opened in 1961 on Corn Alley with six employees. Shortly thereafter we moved the operation to High Street to improve on our customer service. In 1999, we opened another branch in Perry Bay with two ATMs including a drive-through, which still provides convenient banking and parking facilities to our customers today. With the two branches strategically placed within the city, Scotiabank continues to offer a complete range of retail and commercial banking, including electronic cash management. The Bank now has 75 employees and eight ATMs in Antigua. We’re a strong supporter of various community initiatives and our charitable contributions range from sports programmes and education to arts and culture.

Ariza Credit Union Ltd.

Biz Phone
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St. George’s
Since 1947, Ariza Credit Union (formerly Grenada Public Service Credit Union) has provided products and services that have improved the quality of life and well-being of our members. We are proud to say that we’re one of the longest standing and most outstanding Credit Union in Grenada. But, all that success would not be possible without you, and when we go out into our communities and work together with our members, it reminds us why we are leaders in the Credit Union sector in Grenada. We want to uphold the vision to maintain our role as a leader in being member focused, professional and innovative while collaborating with you. Our mission is simple – to improve the quality of life of all our members with financial solutions that have been tailored to their needs. Each day we take great strides towards the future, to create a positive financial service environment we like to call the ‘Ariza Experience’. As an extension of the Ariza Credit Union brand, we invite you to spread the word and show the world that we aspire to rise above and achieve financial freedom for all our members, through co-operation, commitment and care.

Bahamas Development Bank

Biz Phone
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Bahamian Independence Bahamas Development Bank established by an Act of Parliament Bahamas Development Bank opens its doors - The Bank became operational on July 21, 1978 with a staff of 5 in its first office located in Rawson Square on Bay Street, across from the historic House of Parliament. The Bank started with a government equity infusion of $2 million. There was so much demand in its early days of operation that the Bank had to secure additional funding from other sources like the Caribbean Development Bank ($6million), the Inter-American Bank ($3 million), the European Economic Community (EEC) ($1 million), the Central Bank of The Bahamas ($2.5 million) and the National Insurance Board ($3.5 million). Government equity in the Bank also gradually increased during its more than 35 years of operation. The Freeport Office is established- Recognizing a need to provide development financing in the second city – Freeport, Grand Bahama, management opened a branch in Freeport on July 15, 1986. The Branch is presently located in the Jasmine Corporate Centre in Freeport, Grand Bahama. The branch Officers not only prepare loan applications, but are actively engaged in following up on the large number of delinquent customers The Abaco Office is established - It became apparent to management that an additional office was needed in another northern island. On July 17, 1999, the Bank once again expanded its operation. This time a new branch was opened in Marsh Harbour Abaco. The office was located on Queen Elizabeth Drive and there were two persons employed on the staff at the time. Today, the branch operations in Abaco has been transferred to the Freeport Office of which both together constitute the Northern Bahamas. The Bahamas Development Bank is recapitalized Fund levels were inadequate and by the year 1999, the Bank was experiencing serious liquidity difficulties due to the overwhelming demand for its funds. However, in May 2000, the Bank was able to secure an additional $10 million loan from the Caribbean Development Bank. This amount coupled with a $25 million Government backed bond received from the National Insurance Board in November 2000 substantially improved the Bank’s liquidity position. The Abaco Office is closed to streamline operations. Re-engineering The Bahamas Development Bank Over the years, the Bank has endured challenges that resulted in extraordinary financial hemorrhage and loan portfolio decline culminating in high proportion of non-performing loans. To correct these issues the Bank implemented a strategic plan that significantly boosted performing loans and improved the balance sheet. The New Bahamas Development Bank Recognizing the dynamic global landscape and the evolving role of Development Finance Institutions (DFIs), The Bank refocused to international frameworks for development. The Sustainable Development Goals, Samoa Pathway and Paris Accords are integrated into to the Banks Strategic Plan. The institution expands into targeted sectoral development and new products to better support Bahamian development. In keeping with the updated outlook, the Bank rebrands.

Caribbean Development Bank

"Moving The Caribbean Forward"

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.