BARBADOS
Barbados National Bank Inc.
Managing Director & CEO: Mr. Robert Le Hunte
Independence Square, P.O. Box 1002, Bridgetown, BARBADOS
Tel:
(246) 431 5905; Fax: (246) 429 2606
Email: rlehunte@bnbbarbados.com
Website: www.bnbbarbados.com
Barbados National
Bank Inc. (BNB) was established in March 1978 following an amalgamation of three
government-owned financial institutions, Barbados Savings Bank, which dates back
to 1852, Sugar Industry Agricultural Bank and the National Housing Corporation
(Public Officers Housing Loan Fund). In April 1978, the bank acquired the
assets of Bank of America in Barbados. BNB was partially privatized following a
public offering in 2000 and in 2003, the Government of Barbados sold 57% of its
shareholding in BNB to Republic Bank Limited of Trinidad and Tobago, which
subsequently increased its shareholding to 65.13%. Barbados National Bank Inc.
operates (8) branches and (20) ATMs island wide. The BNB Group includes two
subsidiaries - BNB Finance & Trust Corporation and Barbados Mortgage Finance
Company Limited and is staffed by (472) employees. BNB's objective is to be the
financial institution of choice in Barbados for its customers, shareholders and
staff. It is now one of the largest banks in Barbados and as at September 2005,
had an asset base of US $971 million.
Butterfield Bank (Barbados) Limited
Managing Director : Mr. Mariano R. Browne
2nd
Floor Carlisle House, Hincks Street, 1 Beckwith Place,
Broad Street,
Bridgetown, BARBADOSTel: (246) 431 4500; Fax: (246) 430 0221
E-Mail: Mbrowne@bankofbutterfield.bb
Website: www.bankofbutterfield.bm
Butterfield Bank
(Barbados) Limited is a subsidiary of The Bank of N.T. Butterfield and Son
Limited, established in Bermuda in 1858, with other branches in Bahamas, Cayman
Islands, Guernsey and United Kingdom. Barbados comprises a domestic commercial
bank offering banking services to the local community and an offshore entity,
Butterfield Asset Management catering to the investment needs of high net worth
clients. Butterfield Bank’s mission is to “provide consistent and superior
returns to our shareholders, offer security and opportunities to our employees,
and be recognized as making a valuable contribution to the communities in which
we operate by a customer focused, efficient and ethical delivery of banking and
other selected financial services.’ The bank has a staff complement of 136
employees and operates four branches and (6) ATMs. At December 31, 2005
Butterfield Group had total assets of US $9.2 billion and US $102.4 Billion
assets under administration. In 2003, Standard and Poors awarded the group, 1st
place in the world for the 5-year performances of the overall group of
Butterfield Funds and the Butterfield Capital Appreciation Bond Fund. In 2003,
2004 and 2005, The Banker magazine awarded The Bank of the Year to the
Cayman and Bermuda offices for their excellence in customer service. Also in
April 2005, “Best Developed Market Bank in Bermuda” was awarded by Global
Finance Magazine. Butterfield Bank realized a net income of US$182.2 million and
had an Asset Base of US $194.4 million as at December 2005.
Caribbean
Development Bank
(Honorary
Member)
President: Professor
Compton Bourne
CAIB Rep: Mr.
Anthony Maughn
Division Chief,
Private Sector Development Division
P.O. Box 408, Wildey,
St. Michael, BARBADOS
Tel. (246)431-1600, Fax : (246)426-7269
E-Mail:
maughna@caribank.org
/info@caribank.org
Website:
www.caribank.org
Caribbean
Development Bank (CDB) was established by the Agreement which was signed on
October 18, 1969, at Kingston, Jamaica, and entered into force on January 26,
1970, for the purpose of contributing to the harmonious economic growth and
development of the 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 (Article 1 of the Agreement
establishing CDB). CDB's mission is to be “the leading catalyst for
development resources in the Region, working in an efficient, responsive and
collaborative manner with their BMCs and other development partners, towards the
systematic reduction of poverty in their countries through social and economic
development.”
Caribbean Financial Services Corporation
Managing Director: Mr.
Milton Lawrence
Radley Court, Collymore Road, St. Michael, BARBADOS
Tel:
(246) 431 6400, Fax: (246) 426 1869
E-Mail:
cfsc@sunbeach.net
Website:
http://www.cfsc.com.bb/
Caribbean Financial Services Corporation (CFSC), a
regional private sector company, commenced operations in 1984 as a collaborative
enterprise between regional companies, international development agencies, and
multinational financial institutions. CFSC provides a range of services to the
CARICOM business community by making medium and long term loans and equity
investments to commercially viable projects for which funding is often
unavailable. Emphasis is placed on projects which create employment and generate
foreign exchange. Caribbean Financial Services Corporation has a staff
complement of 12 and had an asset base of US$37.3 million as at March 2006.
Consolidated Finance Co. Limited
President: Mr. John R.S. MacKenzie
Tamarind, Collymore Rock, St. Michael, BARBADOS
Tel: (246) 467-2350, Fax: (246) 426 8626
CAIB Rep. Mrs Frances Parravicino, Vice President
E-Mail: fparravicino@cf.mcalbds.com
Consolidated
Finance Co Limited was incorporated in 1983. It is a member of Ansa McAl
(Barbados) Group of Companies, backed by the Ansa McAl Group of Trinidad and
Tobago. It is the largest financial institution of its kind in Barbados, and is
licensed to carry on business as a finance company
and merchant bank.
Principal activities are the provision of hire-purchase financing, leasing of
motor vehicles and equipment and acceptance of deposits for fixed terms.
Consolidated Finance Co Limited has a staff of (26)
employees and had an asset base of US$100 million as at December 2005.
RBTT Bank Barbados Limited
President & Chief Executive Officer: Mr. John Beale
Lower Broad Street, Bridgetown, BARBADOS
Tel: (246) 431 2500, Fax: (246) 431 2530
E-Mail: john.beale@bb.rbtt.com
Website: www.rbtt.com
RBTT Bank Barbados Limited is a member of the
region's leading financial group - the RBTT Financial Group. It offers a
comprehensive range of quality and innovative individual and commercial banking
services including demand deposits; time deposits and regular savings accounts;
chequing accounts; international money transfer services; commercial and
consumer lending, including credit cards. The Bank has a staff of 168, operates
(4) branches with convenient opening hours including Saturdays, and has (6) ATMs
strategically located across Barbados. RBTT Bank Barbados Limited had an asset
base of US$246.9 million as at December 2005. (Refer to RBTT Bank Limited,
Trinidad for the asset base of RBTT Financial Holdings Limited).
Signia Financial Group Incorporation
Chief Executive Officer: Mr. Anthony Shaw
1st Floor Carlisle House, Hicks Street
Bridgetown, BARBADOS
Tel: (246) 429 7344, Fax: (246) 434 0057
E-Mail:
anthony.shaw@signiafinancial.com
Website:
www.signiafinancial.com
Signia Financial
Group Inc. was incorporated on September 13th 1996 under the
companies Act of Barbados under the name General Finance Corporation (Barbados)
Limited. With (1) branch and a staff complement of (23), the group’s principal
activities are the provision of term finance, motor vehicle leasing and the
acceptance of deposits. On June 30th 2003, the company was 100%
acquired by CSGK Finance Holdings Limited, and is a joint venture between Cave
Shepherd & Company Limited, United Insurance Company Limited, and Grace Kennedy
& Company Limited. Signia Financial Group Inc. aims to be a leader in specialty
financial services in the Caribbean by partnering with their clients to expand
their financial opportunities by innovatively integrating, developing and
expanding their products and services. As a licensed financial institution in
Barbados, Signia engages in all areas of consumer and corporate finance. As at
September 2005, Signia’s asset base was US$26 million.
