TRINIDAD
Caribbean
Centre for Monetary Studies
(Honorary Member)
Acting Executive
Director: Professor Ramesh Ramsaran
CAIB
Rep: Mr. Dave Seerattan, Research Fellow
The University
of the West Indies
St Augustine
Campus, TRINIDAD & TOBAGO
Tel: (868)
645-1174, 1610, Fax: (868) 645-6017
E-Mail:
dseerattan@fss.uwi.tt /ccms@fss.uwi.tt
Website:
www.ccmsuwi.org
The Centre was
formally established in May 1995. The Centre evolved out of the previous
Regional Programme of Monetary Studies (RPMS), a programme which had well
served the Caribbean for the previous 27 years. The initial RPMS programme
was established in 1968 as a partnership between the Central Banks of
CARICOM and the Universities of the West Indies and Guyana. The aim was to
facilitate high quality research in monetary, financial and central banking
issues in the region. The new Centre builds on the solid research foundation
of the old RPMS, while enhancing efforts in the area of central bank
training, the creation of an adequate and specialist regional repository of
information and improving the region's research and forecasting
capabilities.
Clico Investment Bank Ltd. (CIB)
President: Mr. Lennox W. Archer
CAIB Rep: Mrs.
Mala Gandhi
Senior Vice
President
1 Rust Street,
St. Clair, Port of Spain
TRINIDAD &
TOBAGO
Tel: (868) 628 3628, Fax: (868) 628 3639
E-Mail:
larcher@cibtt.com
/mgandhi@cibtt.com
Website:
www.cibtt.com
Clico
Investment Bank Limited (CIB) was incorporated in Trinidad and Tobago in
June 1988, licensed to carry on business of a financial nature and to
operate the business of a merchant bank, finance house, confirming house,
trust company, mortgage institution and leasing corporation. The Bank
operates from (2) branches located in Port of Spain and Chaguanas and has a
staff complement of (62). The Bank's aim is "To provide a range of
innovative financial services of the highest quality to national and
international financial markets, thereby contributing to the sustainable
economic growth and development of the Region, and in the process, creating
maximum value for our stockholders". It is a wholly owned subsidiary of
CL Financial Ltd., a leading Caribbean-based international conglomerate. The
Bank has shown phenomenal growth and had an asset base of US$1.5 billion as
at December 2005.
CMMB Limited
Managing Director & CEO: Mr. Ram Ramesh
CAIB Rep:
Krishna Boodhai - Chief Financial Officer
Richmond Street, Ground Floor, Furness Court, Independence Square
Port of Spain, TRINIDAD
Tel:
(868) 623 7815, Fax: (868) 627 2930
E-Mail:
ram.ramesh@mycmmb.com
/krishna.boodhai@mycmmb.com
Website:
www.mycmmb.com
CMMB Limited
manages investments in debt and equity, government securities and corporate
paper; underwrites Government Bonds and offer same-day settlements for all
fixed income transactions. CMMB provides a full range of Fixed Income
Products such as Fixed Income Paper, Caribbean & Latin American Bonds, Money
Market Accounts, Index-linked portfolios, Derivatives and Portfolio
Management Services. As a member of the Trinidad and Tobago, Barbados and
Eastern Caribbean Stock Exchanges, CMMB also actively trades in equities
thereby ensuring that they provide a complete range of services that caters
to all their clients investing needs. CMMB Limited has emerged as a pioneer
in the regional financial services sector and has raised the level of
awareness and sophistication of the capital markets in the region through
its numerous publications such as the Bond Guide and the Caribbean Financial
Quarterly. CMMB looks forward to expanding its services across the region
in an effort to create a more vibrant securities market. As at March 2006
CMMB Limited had over US$1.2 billion in assets under management.
DFL
Caribbean Holdings Ltd.
Managing Director: Mr. Gerard Pemberton
10 Cipriani Boulevard, P.O. Box 187, Port of Spain, TRINIDAD
Tel: (868) 625 0007, Fax: (868) 623
8491
E-Mail:
executive@dflcaribbean.com
Website:
www.dflcaribbean.com
DFL Caribbean
Group has (5) subsidiaries, including Development Finance Ltd, which has an
international credit rating of BB (Fitch Ratings) and is licensed in
Trinidad and Tobago under the Financial Institutions Act in addition to
being licensed as an issuer and underwriter under the Securities Industry
Act. Caribbean Development Capital Limited (DevCap) manages DFL's private
equity business. CDN Management Services Limited provides management
development, SME consulting and private sector development services.
Microfin Caribbean Holdings Limited operates microfinance subsidiaries in
Trinidad and Tobago, Saint Lucia and Grenada. DFLSA Incorporated is licensed
by the Bank of Guyana and operates in Guyana and in Suriname. At December
2005, the Group’s Net Assets amounted to US$23.2 million.
First Citizens Bank Ltd.
Chief Executive Officer: Mr. Larry Howai
CAIB Rep: Mr. Dirk Smith,
Corporate Manager-Corporate
Banking Unit.
# 9 Queen's Park East, P.O. Box 718,
Port of Spain, TRINIDAD
Tel: (868) 624 3178, Fax: (868) 627 4548/623 3393
E-Mail:
dirk.smith@simplyfirst.net
/enquiries@simplyfirst.net
Website:
www.simplyfirst.net
First Citizens Bank was established in 1993
and over the course of thirteen years, has evolved into one of the region’s
leading and most dynamic providers of financial products and services. The
Bank’s mission is ”To
build a highly
profitable financial services
franchise renowned for
innovativeness, service excellence and sound corporate governance.
We shall achieve our aim by focusing on continuous improvement of systems
and products, building a strong base of knowledge workers and creating
strategic partnerships in key sectors that add value to our customers.”
The Bank has become the fastest growing bank in Trinidad and
Tobago and is looking beyond North America to markets in Europe and Asia.
The Bank operates from its (22) branches and is staffed by (1193) employees.
The bank offer a full range of retail and commercial banking services, in
addition to merchant and trustee services. An indigenous bank, First
Citizens has the highest rating, (BBB/A-2) from Standard and Poor’s for an
indigenous bank in the English-speaking Caribbean and (Baa1/Prime-2)
from Moody’s Investors Service, Inc. In delivering service excellence, the
First Citizens Group has developed a strong technology platform, winning
accolades such as the Tyrone Samlalsingh Pinnacle Award (2001, 2003 and
2005) for excellence in innovation, communications technology and
e-commerce. The consistent incremental growth of the Bank’s portfolio and
profits has earned First Citizens the rating of ‘First in Soundness’ in
Trinidad & Tobago (2003).‘Bank of The Year 2005’ from The Banker Magazine, a
subsidiary of the Financial Times, and ‘Bank of the Year 2002’ from Latin
Finance, another well-established publication. First Citizens remains the
only indigenous bank to float two US$100 Million Bonds (February 2004 &
January 2005) and be admitted to the International Finance Corporation’s (IFC)
B-Loan Programme. In November 2005, First Citizens re-branded the Group with
the unveiling of its new symbol, representative of the coming together of
its customers’ needs and the organization’s strengths, moving upwards
towards success. The new logo received commendation from one of the most
respected international design’s publications, Logo Lounge III. The First
Citizens Group consists of First Citizens Bank Limited, First Citizens Trust
& Asset Management Limited, First Citizens (St Lucia) Limited, First
Citizens Trustee Services Limited, First Citizens Securities Trading Limited
and the First Citizens Sports Foundation. As at September 2005 the bank had
an asset base of US$1.8 billion.
Intercommercial Bank Limited (IBL)
Group CEO and Managing Director: Mr.
Hugh V. W. Duncan
DSM Plaza, Old Southern Main Road, Chaguanas, TRINIDAD
Tel: (868) 665
4IBL (4425), Fax: (868) 658 5813
E-Mail:
info@intercommercialtt.com
Website:
www.ibltt.com
Intercommercial Bank
Limited (IBL) had opened its doors to serve the retail and commercial banking
needs in Chaguanas in June 1998. Its solid clients mainly comprise of corporate
clients engaged in businesses that range in size from the small and medium
entrepreneur to large industrial, manufacturing, and commercial enterprises
whose needs it professionally meets on both a business as well as a personal
level. By 2000, IBL expanded its distribution to Marabella. The Bank has (3)
ATMs, (2) of which are located at the Chaguanas Branch and (1) at Marabella
Branch with staff complement of (122) members. In 2001, the Intercommercial
Trust and Merchant Bank was established to satisfy all the financial demands of
an upscale, sophisticated clientele, and is currently located in Port of Spain.
With the strategic alliance of IBL and Jamaica Money Market Brokers (JMMB) Ltd,
a sharply focused business strategy was developed to leverage the opportunities
that now exist through this shareholder relationship and as a guide for IBL to
become a first-class brand. IBL’s Mission- “IBL is passionate about serving our
customers, community, shareholders and team members with integrity, trust,
transparency, love and respect. We will achieve our desire to be the first
choice for financial solutions in the region by offering an array of quality
financial products and services through an innovative delivery system, all made
possible by a highly-trained, creative and well rewarded team of professionals
working together to achieve the greatest value for our customers and
stakeholders." . IBL reported a capital base of US$9.58million and assets in
excess of US$95.2 million as at December 2005. As a Group, IBL accumulated
US$10.32million in equity and US$99.09milion in assets.
RBTT Bank Limited
Managing Director:
Ms. Catherine
Kumar
CAIB Rep: Mr. Hayden Blades, Senior Economist
- RBTT
Financial Group
Head Office:
19-21 Park Street, Port of Spain, TRINIDAD & TOBAGO
Tel:
(868) 625-RBTT
(7288), Fax: (868) 625 3764
E-Mail:
hayden.blades@tt.rbtt.com
/info@tt.rbtt.com
Website:
www.rbtt.com
RBTT Bank Limited
has a long and impressive history in Trinidad and Tobago, which dates back
to 1902. It was incorporated in Trinidad and Tobago as a local bank on July
26, 1971. In addition to banking, it assumed the role of holding company, as
the RBTT Group expanded and diversified within the financial services
sector. With the reorganisation of the Group by the incorporation of RBTT
Financial Holdings Limited in July 1998, RBTT Bank became its wholly owned
subsidiary. RBTT Bank has (24) branches and (86) ATMs in Trinidad and
Tobago. Total assets of RBTT Bank Limited (Trinidad and Tobago) as at March
2006 were US$2 billion. The mission of the RBTT Financial Group is "to
excel in the creation of a comprehensive range of quality financial
services, through well-trained, committed and rewarded staff, to achieve
superior value for its shareholders and customers, and to contribute in an
exemplary way, to national and regional development, and the social progress
and economic prosperity of the peoples it serves.” Total assets of RBTT
Financial Group as at March 2006 were US$6.5 billion.
Republic Bank Limited
Managing
Director: Mr. David Dulal-Whiteway
CAIB Rep: Mr
Roopnarine Oumadesingh
General
Manager- Treasury
9-17 Park
Street, Port of Spain, TRINIDAD & TOBAGO
Tel: (868) 623 1056, Fax: (868) 624 1282
E-Mail:
roumadesingh@republictt.com/email@republictt.com
Website:
www.republictt.com
Republic Bank has a banking history that can be
traced to 1837 when the Colonial Bank was formed. The Bank later evolved to
Barclays Bank of Trinidad and Tobago Limited in 1972. At this time it
retained its status as a part of an international operation. However in
1977, the majority of the shareholding passed into the charge of local
hands. Reflecting its new role as the Bank for the nation, the Bank became
known as Republic Bank Limited in 1981. Republic Bank Limited is now one of
the largest and most successful indigenous banks in the Caribbean, serving
retail banking customers, corporate clients and governments throughout the
Caribbean. The Bank is the financial institution of choice in the Caribbean
for Customers, Staff and Shareholders. Republic Bank ‘s mission is “ To
provide Personalised, Efficient and Competitively priced Financial Services
and to Implement Sound Policies which will redound to the benefit of our
Customers, Staff and Shareholders.” With a 42% market share in Trinidad
and Tobago, Republic Bank offers an extensive range of banking services,
including credit and debit card issuance and processing, leasing, trustee
services, mutual fund and investment management and merchant banking. The
Group now comprises (15) subsidiaries and (4) associated companies. The
Group’s staff complement as at 2005 is (2831), and has a total of (38)
branches with (103) ABMs. The Republic Bank Group maintains a strong
regional presence through its subsidiaries in the Dominican Republic,
Barbados, Cayman Islands, Grenada and Guyana and headquarters in Trinidad
and Tobago. It has 168 years in the banking industry and as at September
2005 had an asset base of over US$5.321 billion.Top
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