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FirstCaribbean International Bank Limited - Update on operations in Abaco Islands and Grand Bahama

Oct 07, 2019

CIBC FirstCaribbean’s operations in Abaco Islands and Grand Bahama were damages by Hurricane Dorian. Our branch in Freeport, Grand Bahama has reopened for business but our branch at Marsh Harbour on Great Abaco will remain closed for the time being.

We are not yet in a position to quantify the extent of the damages or the extent of any insurance recoveries.

Given the information currently available, we anticipate that incremental expected credit loss allowance will be recognized in our Q4/19 results set to be published in December 2019.


Source:
The Trinidad and Tobago Stock Exchange Limited
Monday 7th October, 2019

 


 

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