FirstCaribbean International Bank has won the award for “Best Bank in Barbados” for 2008 from Global Finance magazine for the fifth consecutive year.
Global Finance editors, in conjunction with industry analysts, corporate executives and banking consultants, selected the best emerging market banks across the globe. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.
“Emerging markets are attracting increased attention as the global economy expands. We have identified the banks that provide service to corporations seeking to take advantage of substantial opportunities for growth in a sometimes challenging environment,” observed publisher and president of Global Finance Joseph D. Giarraputo.
Managing Director, Barbados, Oliver Jordan, in expressing his elation, noted that the award is indeed significant cause for celebration. “This award is excellent testimony to the cadre of talent that resides in our bank. Over the past few years our efforts at re-engineering and re-energising the Barbados business have been steadfast and our strategic vision and the dedication of our staff during this transformation process has reaped tremendous dividends. I am proud of their efforts and this makes this five-time award extra special.”
His comments have been endorsed by Chief Executive Officer, Charles Pink who observed that despite the global economic climate, FirstCaribbean continues to weather the storm and maintain its reputation as trendsetter.
The results of the survey will be published in next month’s issue of Global Finance Magazine.
FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in corporate banking, retail banking, wealth management, credit cards, treasury and capital markets. Formed in 2002, it is a member of the CIBC Group and is the largest, regionally-listed bank in the English- and Dutch-speaking Caribbean, with assets of over US$12 billion and market capitalization of US$3 billion. The Bank has more than 3,500 staff; more than 100 branches, banking centres, and offices in 17 regional markets, and serves 800,000 active accounts.
Through the FirstCaribbean International Comtrust Foundation, FirstCaribbean dedicates one per cent of its annual prior year profits (pre-tax) to Community Partnership in the countries where it operates.