Belize Bank
Encyclopedia
Belize Bank is the first, oldest continuing, and largest bank in Belize
. It has over BZ$825 million in assets (2007) and BZ$182 million of capital reserves (2007). Its network of 13 branches covers the entire country. BB has a 44% market share in loans and 38% market share in deposits. It maintains an international banking subsidiary in the Turks and Caicos Islands
.
, incorporated the Bank of British Honduras in 1902, and it commenced operations in 1903. In 1912 Royal Bank of Canada
(RBC) bought the bank and proceeded to operate it as a branch.
In 1987, RBC sold the bank to an investment group headed by Lord Ashcroft as Belize Holdings, Inc., then Carlisle Holdings, then Belize Bank Holdings; the new owners renamed the bank, "Belize Bank".
In 2000, Belize Bank established Belize Bank (Turks and Caicos) - "Belize Bank (TCI)." As a result of expanding Caribbean business, in February 2009, Belize Bank Ltd, changed its name to British Caribbean Bank Ltd.
Belize
Belize is a constitutional monarchy and the northernmost country in Central America. Belize has a diverse society, comprising many cultures and languages. Even though Kriol and Spanish are spoken among the population, Belize is the only country in Central America where English is the official...
. It has over BZ$825 million in assets (2007) and BZ$182 million of capital reserves (2007). Its network of 13 branches covers the entire country. BB has a 44% market share in loans and 38% market share in deposits. It maintains an international banking subsidiary in the Turks and Caicos Islands
Turks and Caicos Islands
The Turks and Caicos Islands are a British Overseas Territory and overseas territory of the European Union consisting of two groups of tropical islands in the Caribbean, the larger Caicos Islands and the smaller Turks Islands, known for tourism and as an offshore financial centre.The Turks and...
.
History
American investors from Mobile, AlabamaMobile, Alabama
Mobile is the third most populous city in the Southern US state of Alabama and is the county seat of Mobile County. It is located on the Mobile River and the central Gulf Coast of the United States. The population within the city limits was 195,111 during the 2010 census. It is the largest...
, incorporated the Bank of British Honduras in 1902, and it commenced operations in 1903. In 1912 Royal Bank of Canada
Royal Bank of Canada
The Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...
(RBC) bought the bank and proceeded to operate it as a branch.
In 1987, RBC sold the bank to an investment group headed by Lord Ashcroft as Belize Holdings, Inc., then Carlisle Holdings, then Belize Bank Holdings; the new owners renamed the bank, "Belize Bank".
In 2000, Belize Bank established Belize Bank (Turks and Caicos) - "Belize Bank (TCI)." As a result of expanding Caribbean business, in February 2009, Belize Bank Ltd, changed its name to British Caribbean Bank Ltd.
The Board
- Michael Ashcroft, Baron Ashcroft, executive chairman (Belizean)
- Dr Euric Bobb, non-executive director, (Trinidadian)
- Peter Gaze, chief financial officer (British)
- Lyndon Guiseppi, chief executive officer (Trinidadian)
- Philip Johnson, deputy chairman (Belizean)
- Wendell Mottley non-executive director (Trinidadian)
- Philip Osborne, director and company secretary (British)
- Cheryl Jones, non-executive director (American)
- John Searle, non-executive director (Belizean)