Banking Institutions

With roots in the Caribbean for more than 100 years, RBTT is an RBC Company and one of the leading banking and financial services Groups in the Caribbean, comprising more than 34 companies.

On June 16, 2008, the Royal Bank of Canada (RBC), Canada's largest bank, completed the acquisition of the RBTT Financial Group. The historic transaction created one of the most extensive financial networks in the Caribbean, offering the full range of banking services in 18 jurisdictions from the Bahamas in the North to Suriname in the South, with a network of 126 branches and 326 ATMs.

Citi has had a presence in Jamaica since 1960 and, as a Corporate Bank, services a customer base comprised of multinational corporations and their local subsidiaries, financial institutions, large local companies, and public sector and government institutions. With a staff complement of approximately 70 people, we provide cash management, treasury, trade finance, corporate finance, loans, and liquidity products and services.

Citibank Jamaica
www.citibank.com/jamaica/homepage/

For More Information:
Ruth Malcolm (876) 936-3264 (876) 929-3745
Email: ruth.malcolm@citi.com

Pan Caribbean Financial Services Limited has an outstanding history for leading and innovating in banking and finance. Our legacy companies are Pan Caribbean Merchant Bank (PCMB) and Trafalgar Development Bank (TDB), both established in 1983, with PCMB as one of the first shareholders in TDB.

FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking. It is the largest, regionally-listed bank in the English-speaking Caribbean, with assets of over US$10.9 billion and market capitalisation of US$2.5 billion.

The Bank has over 3,500 staff; 66 branches, 22 banking centres, and seven offices in 17 regional markets, serving 550,000 active accounts.

‘Building a better Jamaica’, National Commercial Bank Jamaica Limited’s mantra, aptly describes the organization’s roots of over one hundred and seventy years with its genesis in 1837, when the Colonial Bank of London, England opened its Harbour Street doors in Kingston. The face of banking in Jamaica began to change and through a series of mergers and acquisitions by Barclays DCO, it became known as the National Commercial Bank Jamaica Limited in 1977.

First Global Bank Limited (FGB) is a commercial bank operating in Jamaica, originating in 1970 as The First National Bank of Chicago (Jamaica) Limited. That organization later changed ownership and was renamed First Jamaica National Bank Limited. That institution was acquired on March 26, 1993, as a joint venture between Trafalgar Development Bank with 51% of the shareholdings and Grace Kennedy & Co. Ltd. (since renamed GraceKennedy Limited) having 49% of the shareholdings. It was then renamed Trafalgar Commercial Bank Limited (TCB).

The Bank of Jamaica, established by the Bank of Jamaica Law (1960), began operations in May 1961, terminating the Currency Board System which had been in existence from 1939. The establishment of the Central Bank was in recognition of the need for an appropriately regulated financial structure to encourage the development process, particularly as Jamaica was about to embark on the road to political independence.

The main objectives of the Central Bank were defined by the Bank of Jamaica Act to be:
1. To issue and redeem notes and coins.

Scotiabank has operated in Jamaica since 1889. The Bank of Nova Scotia Jamaica Limited (Scotiabank Jamaica), a subsidiary of The Bank of Nova Scotia, has over 2,000 employees, 180 ATMs and 35 branches and 3 sub branches, offering retail commercial and cash management services to individuals, small and medium-size businesses, corporations and governments.