The financial landscape in Barbados and the broader Caribbean is set to benefit from the introduction of the Blue Green Bank (BGB). Following the launch of the African Import & Export Bank, BGB is another significant entrant poised to enhance development financing, particularly in climate resilience. The BGB, backed by the Green Climate Fund, aims to reduce the cost of financing for projects...
The Central Bank of Barbados has launched new Market Conduct Guidelines to improve transparency and fairness within the financial services sector. Effective as of last Friday, these guidelines establish minimum standards for how licensed financial institutions should interact with their clients. Governor Dr. Kevin Greenidge introduced the new regulations on Monday at the Courtney Blackman Grand Salle...
The economies of the Caribbean region are returning to pre-pandemic growth levels, and CIBC Caribbean attributes this recovery as a key factor in its robust performance for the first half of its financial year. The Barbados-headquartered regional financial institution recently released its unaudited consolidated statement of comprehensive income for the six months ending April 30. The financial report...
If you're seeking financing for your property investment in Barbados, you have various options to explore. Here's detailed information on securing either a US dollar offshore mortgage or a local dollar mortgage for your property purchase. Should you have any queries, our agents can offer additional details or guide you to a qualified financing specialist. Contact our Team Types of Buildings:...
Access Bank, a leading Nigerian multinational commercial bank, is poised to establish a presence in the Caribbean, aiming to improve local access to financial services while expanding digital offerings. Aigboje Imoukhuede, Chairman of Access Holdings headquartered in Lagos, revealed these intentions at the recent African Export-Import Bank (Afreximbank) Annual Meetings held in The Bahamas. He highlighted...
The International Finance Corporation (IFC) and the Barbados government have signed a contract to support the development and functioning of Barbados' first large-scale onshore wind farm. This landmark agreement ensures the necessary assistance for the construction and operation of the renewable energy project. By combining resources, the IFC and the government of Barbados aim to promote sustainable...
JetBlue and CIBC FirstCaribbean have teamed up in collaboration with Mastercard, a global leader in the payments industry, to introduce a pair of new credit cards tailored for customers in five Caribbean countries where JetBlue operates. These innovative offerings, the JetBlue Mastercard and JetBlue Select Mastercard by CIBC FirstCaribbean, are designed to deliver a host of exclusive rewards, benefits,...
CIBC FirstCaribbean International Bank Limited is set to undergo a significant transformation as it rebrands its operations to align with its parent company, CIBC. In an announcement made by Chief Executive Officer Mark St Hill on Tuesday morning, the rebranding process is slated to be completed during the upcoming financial year. St Hill emphasized that the decision to adopt the CIBC brand underscores...
Barbados is poised to receive a substantial boost in funding from one of its primary development partners for various private sector-led projects spanning multiple sectors. Officials from the Inter-American Development Bank (IDB) Group revealed this during an interview with Barbados TODAY on Tuesday. Following a productive meeting with government and private sector representatives on Monday, James...
Minister of Tourism, Ian Gooding-Edghill, announced in Parliament yesterday that two hotels in Christ Church, the Blue Horizon Hotel and Savannah Beach Club Hotel & Spa, are now up for sale. Negotiations are currently underway for the sale of the Savannah Beach Club Hotel & Spa, with the Minister aiming to conclude the deal by the first half of the financial year. The sale of the Blue Horizon...