FirstCaribbean International Bank has passed the US $4 billion loan mark in total lendings to its personal and business customers.
Chief Executive Officer of FirstCaribbean International Bank, Charles Pink, congratulated the sales and support teams in the Bank that contributed to this accomplishment and also thanked FirstCaribbean’s customers for their business. *“This is a major achievement and I wanted to thank our teams who got us here. Our performance in loan growth continues to trend upwards. This latest achievement takes us nearer to our goal of becoming the bank of first choice for Caribbean people. Standard & Poor’s recently complimented us on our prudent credit risk policies. This speaks to quality of our loan portfolio as well as quantity. It means our team is making the right decisions when assessing loan applications; providing Caribbean people with the financing they need, while still making good decisions on how we lend our depositors’ and shareholders’ money. I am very proud of the FirstCaribbean team.”*
FirstCaribbean’s loan book is spread across three segments: Retail, Corporate and International Banking, and within those three strategic units its business is stretched across almost every industry in the Caribbean.
FirstCaribbean is the result of the combination of two leading financial services businesses in the Caribbean – CIBC West Indies Holdings Limited and Barclays Bank PLC. In The Bahamas, it operates as FirstCaribbean International Bank (Bahamas) Limited.