Class B International Bank in Saint Lucia for sale

In Saint Lucia, Class B international banking structures work within the local regulatory framework, under the conditions and restrictions of their specific licence. Buying a company that is already licensed is an alternative to applying for a licence with a newly formed banking entity.

Key details

• Licence type: Class B International Banking Licence (active)
• Jurisdiction: Saint Lucia
• Supervisor: Financial Services Regulatory Authority
• Founded: 2020
• Approximate figures: paid-up capital USD 500,000, annual turnover USD 700,000–1.2 million, net profit USD 100,000–180,000
• Currencies: USD and EUR
• Clients: corporate
• Core banking system: up and running
• Payments: SWIFT and correspondent banking in place; card services through external banking partners

Banking and payments

The company is set up for corporate banking and international transactions. Its infrastructure handles international payments, operations in several currencies and the banking services its licence allows.

Activities

• Banking for corporate clients
• Deposit-taking and lending
• Foreign exchange and international payments
• Trade finance

Advantages

• A Class B licence already held, with active regulatory status
• A regulated structure for international banking, in an established corporate entity that already exists
• An orientation towards international business
• SWIFT connectivity and correspondent banking
• The ability to make international payments
• Potential banking infrastructure