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What is the CAIB?
The Caribbean Association of Indigenous Banks Inc is a community of locally incorporated/owned banks and other financial institutions in the CARICOM Region, which provides an opportunity for discussion on issues impacting on the banking and financial services community as well as for the sharing of experiences.
The Association comprises forty eight (48) Member Banks/Financial Institutions, and three (3) Honorary Members, namely Caribbean Development Bank, CARICOM and the Caribbean Centre for Monetary Studies. The total asset base of the Members is approximately US$17 billion.
The Association provides a platform from which the financial institutions could influence regional policy on issues which have implications for the banking and business sectors, such as the CARICOM Single Market and Economy (CSME), World Trade Organization (WTO), and the Free Trade Area of the Americas (FTAA). It also facilitates Caribbean indigenous banks’ intervention in the global network of similar institutions.
Our History
The Caribbean Association of Indigenous Banks Inc was formed in 1974 following a decision by the Eighth Meeting of the Heads of Government Conference in 1973 and the Inaugural Meeting of the Standing Committee of Ministers Responsible for Finance.
Previously, the Chairman, with the sterling support of the CARICOM Secretariat, handled most of the work of the CAIB. The CARICOM Secretariat maintained the records and provided stability and continuity in the absence of a CAIB Secretariat from the start until the organization established a permanent Secretariat in Georgetown, Guyana in 1998. The Secretariat was moved to St. Lucia in 2002 and is staffed by four permanent employees including the Chief Executive Officer who is responsible for the day to day management of the organization.
Our Objectives
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To foster a spirit of goodwill and camaraderie among the indigenous Banks of the region with a view to solving their common problems through understanding and co-operation.
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To assist in and influence the development and improvement of the codes of conduct and standards of the Banking Industry in the Caribbean.
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To provide a forum for the exchange of ideas and information on various aspects of operations in order to broaden the scope and knowledge of its officers.
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To assist its members wherever possible in the areas of training, management, systems and processes, inspection or any other related areas of operations.
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To collect and disseminate statistical, technical, economic and other information relating to the Banking and all its aspects.
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To print and publish any magazines, newsletters, periodicals, books or leaflets that the Association may consider desirable for the promotion of its objects. The Association publishes the Caribbean Account magazine annually, as well as a monthly newsletter.
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To foster an increasing awareness of the presence of its members at Governmental level and to seek assistance in promoting its objectives.
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To do whatever is deemed necessary within the limits of its members’ powers to develop and strengthen indigenous Banks of the Caribbean Region.
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To amalgamate with any companies, institutions, societies or associations having objects altogether or in part similar to those of this Association.
Our Values
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The CAIB is an Association of trusted and proactive business partners working together to achieve common goals and objectives.
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There is an environment of trust and openness among members.
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The CAIB values cooperation among its members as this is critical to the unity and organisation.
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Members are committed to sharing experiences that benefit and develop other members and strengthen the organisation.
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Relationships both internal as well as external are driven by a high level of integrity.
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Relationships among members are characterized by an understanding of sensitivity to the needs and concerns of others.
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Relationships among members are characterized by respect for the views and feelings of each other. All members are treated fairly and equitably
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