CAB Conference 2016 Test Drive | Page 61

members round-up Property Services; Money Transfer Services; Pension Fund Investment Management, Pension Fund Administration and Pension Services Consultancy as well as access to General Insurance products. With a total of $126 billion Assets Under Management, it has a staff complement of six hundred (600) with over (16) Building Society Branch locations, Representative Offices (United Kingdom, Canada and United States) as well as four (4) wholly owned subsidiaries and an affiliated company. Subsidiaries include Victoria Mutual Wealth Management Limited (VMWM), Victoria Mutual Property Services Limited (VMPS), Victoria Mutual Money Transfer Services (VMTS), Prime Asset Management Limited and one affiliate the British Caribbean Insurance Company (BCIC). MONTSERRAT Bank of Montserrat Ltd. General Manager: Mr. Michael Joseph Brades Main Road, Brades, PO Box 10, Montserrat Tel: 1 (664) 491 3843 Fax: 1 (664) 491 3163 E-mail: [email protected] Website: www.bankofmontserrat.ms On the 3rd May 1988, following its incorporation as a limited liability company, the Bank of Montserrat Limited opened its doors to the public, as the first indigenous bank of Montserrat. With a population of approximately 11,000 people, there were three other commercial banks operating on the island at the time but Montserratians were proud to have their own bank and responded positively and enthusiastically, placing their hard earned money in the bank and getting the institution off to an excellent start. Today, the Bank caters not only for a local population of 5,000, but also serves a large overseas client base in the Montserratian Diasporas in London, USA, Canada and several Caribbean islands. From its humble beginnings as a savings and loans institution, the Bank of Montserrat has flourished into the leading financial institution on the island with a market share of 80% of the commercial banking market. The Bank has (1) ATM and a staff compliment of (26).The audited assets of the bank totaled US$70 million as at September 2010. 60 ST KITTS & NEVIS St. Kitts-Nevis-Anguilla National Bank Ltd. Chief Executive Officer: (Ag) Mr. Donald Thompson Central Street, PO Box 343, Basseterre, St. Kitts Tel: (869) 465 2204 Fax: (869) 465 1050 E-Mail: [email protected] Website: www.sknanb.com The St. Kitts-Nevis-Anguilla National Bank Limited (National) was incorporated in 1971 under the Companies Act Chapter 335 and was reregistered under the new Companies Act No. 22 of 1996 in 1999. The Bank is a public liability company with the major shareholder being the Federal Government of St. Kitts and Nevis. The shares are traded on the Eastern Caribbean Securities Market. The Bank, operated in St. Kitts and Nevis, is regulated by the Eastern Caribbean Central Bank and is subject to the provisions of the Banking Act No. 4 of 2004. National has grown in share capital from $50,000 to $135 million capturing 51% of the market share and realising a profit in each year of operation. In February 1972, this commercial Bank established National Bank Trust Company (St Kitts-Nevis-Anguilla) Limited and in 1973, National Caribbean Insurance Company Limited was incorporated as a wholly owned subsidiary of the Trust Company. In 2001 the Bank established St Kitts and Nevis Mortgage and Investment Company Limited. The Bank, Trust, Insurance and Mortgage Companies comprise the National Bank Group of Companies. The Bank operates from (4) branches and (1) sub-office and has (23) ATMs. Its (170) employees pursue the group’s mission “To be an efficient, profitable and growth oriented financial group, promoting social and economic development in the national and regional community by providing high quality financial services and products at competitive prices.” As at June 30, 2013, the Bank had an asset base of US$1.049 billion. The Bank of Nevis Ltd. General Manager: Mr. Everette Martin Address: PO Box 450, Main Street Charlestown, Nevis Tel: (869) 469 5564/469 1318 Fax: (869) 469 5798/469 1039 E-Mail: [email protected] Website: www.thebankofnevis.com The Bank of Nevis Limited is a public company incorporated on August 29, 1985 under the laws of the Federation of Saint Christopher and Nevis. It is licensed to conduct banking activities under the Banking Act of Saint Chris-