members round-up
banking services at the lowest and most affordable interest rates in the country.
The National Bank’s financial performance reflects our
mission of being “The People’s Bank with affordable services for all” with approximately BZ$14 million granted in
loans and advances as at the end of August 31, 2014. Our
loan portfolio has grown significantly throughout the year
and is expected to grow as we plan and implement initiatives that are geared towards increasing our asset base
and improve bottom line performance in the upcoming
financial year.
BRITISH VIRGIN ISLANDS
TORTOLA
National Bank of the Virgin Islands Ltd.
Ms. Joy N. Francis Chief Executive Officer
PO Box 275, Wickham’s Cay I Road Town, Tortola,
British Virgin Islands
Tel: (284) 494 3737/8
Fax: (284) 494 3119
E-Mail: [email protected]
Website: www.nationalbank.vg
The National Bank of the Virgin Islands Limited (the
“Bank”), formerly the Development Bank of the Virgin
Islands Ltd., was incorporated on February 1, 2005 under
the Companies Act, (Cap 285) and was subsequently
re-registered under the BVI Business Companies Act,
2004, with an authorised share capital of US$15 million.
The Bank opened its doors to the public in 1980 as a
Statutory Corporation under the Development Bank of
the Virgin Islands Ordinance, 1974. Effective April 1, 2005,
the Development Bank of the Virgin Islands (Transfer
of Assets & Liabilities) Act, 2004, and the Development
Bank of the Virgin Islands (Transfer of Assets & Liabilities) Vesting Order 2005 came into force to facilitate a
new direction for the institution.
The Bank now operates under a general banking licence,
in accordance with the Banks and Trust Companies Act,
1990. Wholly owned by the Government of the Virgin
Islands (U.K.), the Bank continues its transition from a
purely developmental type institution into a commercial
banking entity. In addition to facilitating deposit accounts,
the Bank now offers commercial loans, residential mortgages, and other consumer loans. Having recently introduced online banking services, the Bank continues to
expand its service channels and product offerings. The
Bank currently operates from one (1) branch location in
Road Town, Tortola, and as at December 31, 2014, was
staffed by (49) employees, with an asset base of US$178
million.
CAYMAN ISLANDS
Cayman Islands Development Bank
General Manager/CEO: Ms. Tracy Ebanks
PO Box 2576, 36B Dr. Roy’s Drive,
Grand Cayman KYI-llO3, Cayman Islands
Tel: (345) 949 7511
Fax: (345) 949 6168
E-Mail: [email protected]
Cayman Islands Development Bank (CIDB), a statutory authority wholly owned by the Cayman Islands Government, was established in March 2002. The primary
function of the Bank is to mobilise and provide financing
for, as well as to promote and facilitate, the expansion
and strengthening of the economic development of the
Islands. As the islands’ only development bank, CIDB’s
role is to complement and supplement the activities of
the local commercial banks. Lending is primarily focused
on three key areas: small businesses, the housing sector
and human resource development. The branch is staffed
by (15) members. As at the end of the fiscal year, June
30, 2013, the total audited assets of the Bank stood at
US$50 million.
Cayman National Bank Ltd.
President: Mr. Ormond A. Williams
200 Elgin Avenue, PO Box 1097 GT,
Grand Cayman KY1-1102 Cayman Islands
Tel: (345) 949 4655
Fax: (345) 949 7506
E-Mail: [email protected]
Website: www.caymannational.com
Cayman National Bank Ltd (CNB) is headquartered in
one of the largest financial centres in the world, the Cayman Islands (CI). Cayman National Bank is the largest of
six other wholly-owned subsidiaries of Cayman National
Corporation Ltd., a publicly owned and traded Cayman
company. The Bank’s mission is “Our business is satisfying our clients’ financial needs. We aspire to be known
and preferred for our client focus, innovative products
and services, passion for consistent high levels of service, being the best place to work and our ability to create
economic value for our shareholders.” Cayman National
Bank with its (7) Customer Service Centres and largest
fleet of (20) ATMs and growing, is the only bank with a
presence on all three islands comprising the Cayman
53