members round-up
commercial banking sector. Signia Financial is licensed
under the Financial Institution Act and the Securities Act,
2001, and is regulated by the Central Bank of Barbados
and the Securities Act, 2001. Signia Financial Group Inc.
has a staff complement of (30) and an audited asset base
of US $110 million as at September 2015
BELIZE
The Belize Bank Ltd.
Executive Chairman: Lyndon Guiseppi
CAB Rep: Michael B. Coye, Deputy Group CEO
60 Market Square, PO Box 364, Belize City, Belize
E-Mail: [email protected]
Website: www.belizebank.com
The Belize Bank Limited commenced banking operations in Belize by purchasing the Royal Bank of Canada
in April 1987. Registered under the Banks and Financial
Institutions Act, the Belize Bank Limited is the largest full
service commercial banking operation in Belize, providing a complete range of banking and financial services to
both domestic and international customers.
The Bank’s mission is “to maximize value for individuals
and businesses locally and internationally by providing quality and innovative financial services, nurturing
long-lasting relationships and developing superior customer service” . The Belize Bank is well placed to provide
high quality professional service through its countrywide
network of (11) branches and more than (25) ATMs and
a staff complement of (387) employees. Subsequently in
2006, a wholly owned subsidiary, Belize Bank International Limited, was established to better serve the Bank’s
international customers. The Bank’s consolidated audited asset base as at year end March 2015 was US$494
million.
Heritage Bank Ltd.
Managing Director: Mr. Stephen Duncan
106 Princess Margaret Drive, Belize City, Belize
Tel: (501) 223 5698
Email: [email protected];
Website: www.heritageibt.com
Heritage Bank emerged from an amalgamation of Provident Bank and Trust and Alliance Bank of Belize Ltd.
Providence Bank commenced international banking
operations in August 1998 while Alliance Bank was
established on January 02, 2001 to offer domestic banking services. Heritage maintains two separate banking
licenses and operating systems, a domestic and an international, but integrated all functions to benefit from syn52
ergies, thus, resulting in common Board Directors, one
Management Team, and one staff body. The mission of
Heritage is to provide superior, innovative banking in a
cost effective manner by using technology. In early 2010,
Heritage emerged as the first institution in Belize to offer
SMS text banking and later, rolled out Belize’s first local
proprietary debit card, prepaid card and gift card; internationally. Heritage offers reloadable US$ prepaid cards
and e-commerce payments. Heritage formed an alliance
with local credit unions, and 2011 pioneered a national
electronic payment platform. NetWork One to process
the proprietary debit cards, prepaid cards and gift cards
issued by institutions on the network. Heritage envisions
expanding NetWork One regionally to reduce complete
dependence on extra-regional payment systems, to
reduce the cost of travelling and conducting business,
and to streamline the demand for hard currency within
the CARICOM region. In early 2016 Heritage successfully
completed the first acquisition of one bank by another
bank in Belize when it acquired the Belize operations of
First Caribbean International Bank. In line with its mission, Heritage continues to maintain a progressive and
innovative approach and will do whatever is possible to
help to shape the financial system to fit the needs of the
local consumers and businesses.
National Bank of Belize Ltd. (NBBL)
Chief Executive Officer: Mr. Alvaro Alamina
Corner Forest Drive & Hummingbird Highway
Belmopan, Cayo District Belize
Tel: (501) 822 0957
Fax: (501) 822 3130
Email: [email protected]
Website: www.nationalbank.bz
The National Bank of Belize Limited (NBBL) is a government owned bank established in April 2013 and began
operations on September 2, 2013. The purpose of the
bank is to provide residential mortgages to all Belizeans, with a primary focus on public servants, teachers
and other lower and middle income earners at the lowest interest rates in the market. It is the intention for the
Bank to develop into a full-fledged banking institution.
Our financial products range from first-time home owner
construction and home purchase to land acquisition, renovation, mortgage refinancing, car loans and small business loans. Other products include savings, checking
and term deposits accounts. We will shortly be rolling out
our debit card product.
Despite the infancy state of the bank, we have made significant in road into the mortgage market by providing