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CIBC Caribbean information


CIBC Caribbean
FormerlyFirstCaribbean International Bank

CIBC FirstCaribbean
Company typePublic Subsidiary
Traded as
TTSE: FCI
BSE:: FCI
IndustryBank
Founded2002; 22 years ago (2002), in Saint Michael, Barbados
HeadquartersWarrens, Barbados
Key people
  • David Ritch (Chairman)
  • Mark St.Hill (CEO)
ProductsFinancial services
Net income
US$141.5 million (2017)[1]
Total assetsUS$12.4 billion (2018)[2]
OwnerCanadian Imperial Bank of Commerce
Number of employees
3000
ParentCIBC (Canadian Imperial Bank of Commerce)
Websitewww.cibc.com/fcib/
CIBC Caribbean branch in Bridgetown, Barbados.
CIBC Caribbean's head office, Warrens, St. Michael.

CIBC Caribbean is a financial services company based in Barbados and the Caribbean subsidiary of the Canadian Imperial Bank of Commerce (CIBC). The bank was founded in 2002 as FirstCaribbean International Bank through the merger of the Caribbean operations of Barclays Bank and CIBC, and in March 2006 both CIBC and Barclays announced that Barclays wished to exercise their option to exit the Caribbean venture completely resulting in CIBC gaining majority-control of the bank. In June 2011, it was announced the bank would be renamed CIBC FirstCaribbean Bank "to be more closely aligned to the CIBC brand, while still maintaining the FirstCaribbean name and local identity."[3] The name was then later changed CIBC Caribbean in January 2024.[4] The majority of the bank's revenues are generated by its operations in Barbados, the Bahamas and the Cayman Islands.[2]

  1. ^ "Annual Report (2017), $157 million (2010)" (PDF). FirstCaribbean Group.
  2. ^ a b Cite error: The named reference ipo abandoned was invoked but never defined (see the help page).
  3. ^ "FirstCaribbean to be branded as 'CIBC FirstCaribbean International Bank'". Barbados Advocate. 21 June 2011. Archived from the original on 2012-03-26. Retrieved 22 June 2011.
  4. ^ "Introducing CIBC Caribbean - Bank evolving, adapting | Loop Barbados". Loop News. Retrieved 2024-01-31.

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