Sep 2007 Financial News

FirstCaribbean crosses US$6 billion loan mark

Sep 20, 2007

AS it approaches its fifth anniversary, FirstCaribbean Inter-national Bank con- tinues to show strong financial performance, crossing the US$6 billion loan mark for the first time. Loans to customers represent one of the key drivers of the bank's profits.

At the end of the third quarter of the 2007 fiscal, profits at FirstCaribbean were up by 31 per cent. This outstanding achievement continues to build on the strong results of previous years.

When asked to comment on FirstCaribbean's financial performance, Charles Pink, CEO, responded: "This is indeed another indicator that our Bank is financially strong and healthy. I also acknowledge that we could not have achieved this level of success year after year without the on-going support of our 800 000 loyal customers and the dedication of our more than 3 500 staff spread across the region."

The bank's business performance continues to be singled out for accolades. For the fourth year running, Global Finance Magazine recently awarded the bank the title of "Best Bank" in Barbados, and the bank's operations in Jamaica and The Bahamas copped the title for the first time.

"We're very pleased to have crossed the US$6 billion of loans mark. But the key is to delight our customers through excellent customer service: delivering first-class service is the number one priority for our Bank, and we will be relentless in our efforts to achieve this. I am very proud of the enthusiasm, commitment and dedication shown by our staff in achieving this important goal," he concluded.

Source:
The Barbados Advocate
Thursday 20, September, 2007

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