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...
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...
Speaking recently, Prime Minister Mia Mottley shared exciting plans in motion to redevelop & transform the islands Capital, which include welcoming a new hotel opposite the Kensington Oval, redeveloping the nearby central purchasing building, and using the BIDC building for “hotel and tourism” purposes. She also revealed that her government was in discussions with Guyanese officials about the...
What is proof of payment: A proof of payment can be either a receipt (scan, photo or PDF) or a screenshot from your online banking, clearly showing the following: Your details: Full Name/Account NameAccount NumberBanks Name Our details: Full Name/Account NameAccount NumberBank Name General details: DateAmount sentStatus - for example pending/sent.Currency usedReference or transfer...