Bank in Barbados for sale

Banking in Barbados is a developed sector overseen by the Central Bank of Barbados. What a bank may offer there (domestic, foreign-currency or international banking services) depends on its specific licence and the regulatory framework that applies to it.

Key details

• Licence: an active banking licence in Barbados
• Founded: 2017
• Supervisor: Central Bank of Barbados
• Approximate figures: share capital USD 8 million, annual turnover USD 3–4.5 million, net profit USD 350,000–600,000
• Currencies: USD, EUR, GBP and BBD
• Payments: SWIFT and correspondent banking in place; Visa and Mastercard through banking partners
• Core banking system: up and running
• Clients: corporate and private

Banking and payments

The bank’s platform is established and handles corporate accounts, international payments and transactions in foreign currencies.

Activities

• Banking for corporate clients, plus international and foreign-currency banking
• Deposit-taking and lending
• Trade finance and foreign exchange
• Card services and international payments

Advantages

• A banking licence from Barbados, a long-established financial centre in the Caribbean
• A banking structure that is active, regulated and held in an existing corporate entity
• SWIFT connectivity and correspondent banking, with potential for further correspondent banking infrastructure
• Operations in several currencies and scope for foreign-currency banking
• Banking infrastructure already in place