Table of Contents
Introduction
Barbados is a Caribbean island destination that is popular for its beautiful beaches and cultural activities. However, aside from that, the country has a very active banking sector that adds a lot to the economy. This article outlines the top 10 banks in Barbados, explaining the services they offer, their special features and the important part they play in the financial sector of the country.
1. FirstCaribbean International Bank
FirstCaribbean International Bank, or CIBC FirstCaribbean, is one of the biggest banks in Barbados and has been in business for more than a century. This bank offers banking, wealth management, and investment services to individuals as well as businesses. It is one of the biggest banks in the Caribbean region with its presence in 16 countries.
2. Republic Bank (Barbados) Limited
Republic Bank (Barbados) Limited is a subsidiary of Republic Financial Holdings Limited and is one of the leading providers of banking and financial services. They offer retail and corporate banking, mortgages and credit cards and focus a lot on customer relations and technology.
3. Scotiabank Barbados
Scotiabank Barbados has been operating in the Barbadian market for the past 60 years. They offer a number of products and services that range from personal and commercial banking to investment products and insurance. This bank is especially known for its social corporate responsibility and the support of community development.
4. RBC Royal Bank of Canada
This is because RBC Royal Bank of Canada, one of the biggest banks in Canada, offers a full range of banking services in Barbados, including checking and savings accounts, credit cards, and mortgages. They are an experienced and reliable bank that is a go-to for many people in the community.
5. CIBC Bank and Trust Company (Barbados) Limited
CIBC Bank and Trust Company (Barbados) Limited is a CIBC group company and offers offshore banking services. It is well known for private banking and wealth management and it is committed to the privacy and service excellence of its clients.
6. Butterfield Bank (Barbados) Limited
Butterfield Bank (Barbados) Limited is a branch of the global bank Bank of N.T. Butterfield & Son Limited. It offers personal and corporate banking, trust and investment services. Their local presence and knowledge of international wealth management makes them a good bank in the community.
7. First Citizens Bank (Barbados) Limited
First Citizens Bank (Barbados) Limited is a branch of First Citizens Bank Limited from Trinidad and Tobago. It provides different banking products for personal and business banking, mortgages and credit cards while focusing on the customer and local businesses.
8. CIBC FirstCaribbean Trust and Merchant Bank (Barbados) Limited
CIBC FirstCaribbean Trust and Merchant Bank is a trust and fiduciary services provider that offers solutions for both individuals and institutions. It has a strong presence in wealth management to guarantee that its clients’ needs are well addressed.
9. J&T Bank and Trust Inc.
J&T Bank and Trust Inc. is a boutique bank and trust service provider in Barbados that offers private banking, trust services and investment products. They pride themselves in establishing long term relationships with their clients and offering them personal banking services.
10. Capita Financial Services Inc.
Capita Financial Services Inc. is a financial services provider in Barbados that provides investment management, financial planning, and insurance products. Their passion to assist their clients in their financial goals is widely appreciated in the industry.
