Class A International Bank in Saint Lucia for sale

With a Class A International Banking Licence, a company can carry out international banking activities to the extent Saint Lucia’s regulatory framework permits. Buying a company that already holds the licence may let investors enter international banking without forming a new entity and going through the whole licensing process from the start.

Key details

• Licence type: Class A International Banking Licence (active)
• Jurisdiction: Saint Lucia
• Supervisor: Financial Services Regulatory Authority (FSRA)
• Founded: 2017
• Approximate figures: paid-up capital USD 1 million, annual turnover USD 1–2 million, net profit USD 150,000–300,000
• Currencies: USD, EUR and GBP
• Clients: corporate and international
• Core banking system: up and running
• Payments: SWIFT and correspondent banking in place; Visa and Mastercard through banking partners

Banking and payments

The bank’s international banking structure is built around corporate clients and cross-border transactions, on a platform that handles international payment services and operations in several currencies.

Activities

• Banking for corporate clients
• Deposit-taking and lending
• Foreign exchange and international transfers
• Trade finance and payment services

Advantages

• A Class A licence, in active regulatory standing
• An existing, regulated entity with an established banking and corporate structure
• A focus on international banking
• SWIFT connectivity and correspondent banking, with potential for further correspondent banking infrastructure
• Capabilities in several currencies
• Operational infrastructure already in place
• The chance to buy a licensed business that already exists

Acquisition

The sale is subject to due diligence, KYC/AML checks and approval by the regulator.