FirstCaribbean building good name in banking

FirstCaribbean International Bank is once again the only Caribbean-based financial institution to be named one of the world’s best emerging market banks according to a release from the bank dated October 3.

The award, which the bank has received for the second year in a row, has been presented by Global Finance magazine after its 12th annual survey. {{more}}

The award was particularly driven by the innovation FirstCaribbean has displayed in regional projects such as its pan-Caribbean launch of Internet and Telephone Banking early this year, and for being the first Caribbean bank to complete a debt issue in the European money markets.

The editors of Global Finance noted that, in their opinion, the winners of this year’s awards “can best help their clients make the most of the vast opportunities available in the world’s diverse – and sometimes confusing – emerging markets.”

The survey was completed with input from industry analysts, corporate executives and banking consultants. Global Finance also noted that it “identified the banks that adhere to high standards of corporate governance, and possess the imagination to succeed in a challenging environment.”

In commenting on the award, Chief Executive Officer, Charles Pink, said: “We’ve completed three challenging years in the life of FirstCaribbean, and while some issues presented themselves early in our life, we have tackled them head on and we have seen vast improvement, both in what our customers are telling us, and in our financial performance. We are poised now to consolidate our position and leverage the hard work we have put in over the past three years to take our place as the bank of choice for the Caribbean. Awards like this tell us that the industry believes we are on the right track.”