Bank of the Bahamas International is finalising plans for a Florida service centre as part of its plan to expand into the international market. Managing Director Paul McWeeney says the ongoing focus is on becoming a very high quality brand, and other plans for 2005 include the introduction of an international smart card for clients, providing both debit and credit services.

2005 plans also include the construction of new corporate headquarters, expansion of both the Bank’s role as a pension fund custodian and its free consulting services for small business, and the introduction of private banking services. Mr. McWeeney says the latter will capitalise on the growing need to provide expert financial planning and counselling to Bahamians. Recognising that “the world will one day be our market”, the Managing Director said the Bank is also looking to enhance regional alliances in 2005.

Bank of the Bahamas has launched the American Express International Gold Card and the Platinum Card in the Bahamian market, and proposes to migrate more American Express products to its banking platform.