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CIBC First Caribbean Named ‘Bank of The Year’

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#Nassau, Bahamas, 20 January 2023 – Renowned global finance magazine, The Banker, recently recognized CIBC FirstCaribbean as ‘Bank of the Year’ for continuously striving to offer its clients the best services and experience in The Bahamas while delivering returns and gaining strategic advantage.

The prestigious award marks an eleventh win for the bank within the last 16 years and highlights recent accomplishments such as the launch of CIBC FirstCaribbean’s MasterCard Black Credit Card, smart automated banking machine installations and its 1st Insights Personal Financing Model.

Dr. Jacqui Bend, CIBC FirstCaribbean’s Managing Director, said, “The bank will continue its digitisation road map and streamlining activities. There will be a greater focus on growth, maintaining overall credit quality, managing costs, enhancing our client relationships and investing in our employees.”

The Banker, which is a part of the Financial Times Group publishing house, does not focus on figures alone, but rather looks for evidence of banks raising the bar for their local industries in the past twelve months, whether by using new technology or coming up with innovative, cost-efficient ways of expanding their businesses.

The Banker’s research staff compiles a list of major banks in countries across the globe and invites them to participate in the awards. Each bank is required to submit an entry form containing up-to-date financial figures and to answer, in detail, questions about performance technology, innovation and marketing initiatives.

Nikia Chrisite, CIBC First Caribbean’s Marketing Manager, said receiving the Bank of the Year award reflects CIBC FirstCaribbean’s values of trust, teamwork and accountability, and deserves celebration.

“At CIBC FirstCaribbean, we pay special attention to our clients, build on our technology base to create a modern digital experience, simplify the way we do business and invest in our people. This recognition by The Banker reflects what is being done to keep CIBC FirstCaribbean as the best choice for banking services.”

CIBC FirstCaribbean also won Bank of the Year in 2006, 2007, 2008, 2009, 2012, 2013, 2016, 2017, 2018 and 2020.

 

Release: FCICIBC

Photo Caption:  CIBC FirstCaribbean will soon add its eleventh ‘Bank of the Year’ award to its showcase reflecting previous wins over the last 16 years.

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Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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Bahamas News

C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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