Company Description
FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury and Capital Markets. It is the largest, regionally-listed bank in the English-speaking Caribbean, with assets of over US$12 billion and market capitalisation of US$3 billion. The Bank has over 3,500 staff; over 100 branches, banking centres, and offices in 17 regional markets, serving 800,000 active accounts.
FirstCaribbean has maintained an "A-" rating by Standard & Poor's from inception, the highest rating of any commercial bank in the Caribbean Community. It was formed in 2002 with the merger of CIBC West Indies Holdings and Barclays Bank PLC Caribbean operations. As at December 22nd 2006, CIBC became the majority shareholder in FirstCaribbean, now holding 91.5% of the shares of FirstCaribbean International Bank Limited.
From 2004 to 2007, FirstCaribbean was named "Best Emerging Market Bank" each year by Global Finance Magazine of New York. In 2006 and 2007, Euromoney Magazine conferred its Best Bank Award of Excellence on FirstCaribbean, ranking FirstCaribbean among the most outstanding financial institutions in the Americas.
In 2006 LatinFinance Magazine rated FirstCaribbean the Best Bank in Barbados. In 2004 The Banker Magazine rated FirstCaribbean the Best Bank in Barbados and in 2006 The Banker awarded FirstCaribbean Best Bank Awards in each of The Bahamas and Jamaica.
FirstCaribbean International Bank is committed to partnering with communities in the 17 countries in which it operates. Through the FirstCaribbean International Comtrust Foundation, FirstCaribbean International Bank dedicates 1% of its prior year profits (pre-tax) to Community Partnership causes each year.