Aug 2008 Financial News

RBTT opens branch in St. Kitts

Aug 15, 2008

St. Kitts and Nevis has attracted one of this region’s pan Caribbean banks to start operations come next week and the prospects have been described as great as the island propels itself as a financial capital among OECS countries.

Earlier this week, RBTT Caribbean (St. Kitts) Ltd. hosted its opening ceremony and it has been described as a further signal of the confidence that we (RBTT) have in the economy and the business community here [in St. Kitts] by Robert De Silva, Head of the Eastern Caribbean Region for the RBTT chain of banks.

Prime Minister Hon. Dr. Denzil L. Douglas of St. Kitts and Nevis stated, There is no doubt that St. Kitts and Nevis continues to enjoy tremendous confidence from the regional corporate and banking community.

He pointed out that with the prospects for a boom in high-end tourism development on the horizon through the expanding Marriott Vacation Homes International investments in the former Angelus Hotel property, the completion of the first villas of the Ocean Edge Villa Hotel development, the fast-tracked activities surrounding the Mandarin Oriental Hotel Resort as part of the St. Christophe Harbour Development in the South East Peninsula and the start of construction of the Silver Reef Development, together with similar activities in Nevis, the opening of the RBTT branch is timely as St. Kitts and Nevis propels itself forward as the financial capital of the OECS Economic Union.

The government and people of St. Kitts and Nevis welcome the Bank and its staff and particularly congratulate the Manager Ms. Corliss Charles-Sutton for her personal and professional growth and development as she spearheads the banks expansion and presence here in St. Kitts and Nevis. We wish them all total success as they bring choice services to our people, said Prime Minister Douglas, who cut the blue ribbon to officially commence the banks first business day on St. Kitts.

Trinidad-based Head of the Eastern Caribbean Region, Robert De Silva said the opening of the branch is a further signal of the confidence that RBTT has in the St. Kitts and Nevis economy and the business community here.

He said the financial institution will offer several services including loans, overdrafts, new accounts, deposits, mortgage and credit card. Country Manager is Corliss Charles-Sutton. St. Kitts and Nevis is home to several regional financial institutions including the St. Kitts-Nevis-Anguilla National Bank, the Bank of Nova Scotia, the First-Caribbean International Bank, the Royal Bank of Canada, RBTT (St. Kitts and Nevis) Limited, the Caribbean Confederation of Credit Unions, the Caribbean Credit Card Corporation Limited, the Eastern Caribbean Central Bank and the Eastern Caribbean Home Mortgage Bank.


Source:
The Barbados Advocate
Friday August 15, 2008
http://www.barbadosadvocate.com/NewViewNewsleft.cfm?Record=36454