Belize Bank (BB) is the first, oldest continuing, and largest

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

Belize Belize (; bzj, Bileez) is a Caribbean and Central American country on the northeastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a wa ...

. , it had over BZ$880 million in assets and BZ$147 million of capital reserves. Its network of 11 branches covers the entire country. The Belize Bank Limited has a 44% market share in loans and 38% market share in deposits. It maintains an international banking subsidiary in the

Turks and Caicos Islands The Turks and Caicos Islands (abbreviated TCI; and ) are a British Overseas Territory consisting of the larger Caicos Islands and smaller Turks Islands, two groups of tropical islands in the Lucayan Archipelago of the Atlantic Ocean and ...

. Apart from the normal personal and corporate banking service, Belize Bank offers high school scholarships and

sixth form In the education systems of England, Northern Ireland, Wales, Jamaica, Trinidad and Tobago and some other Commonwealth countries, sixth form represents the final two years of secondary education, ages 16 to 18. Pupils typically prepare for ...

scholarships to students in need. Over 100 students have benefited from these scholarship programs each year.

History

American investors from

Mobile, Alabama Mobile ( , ) is a city and the county seat of Mobile County, Alabama, United States. The population within the city limits was 187,041 at the 2020 census, down from 195,111 at the 2010 census. It is the fourth-most-populous city in Alabama ...

, incorporated the Bank of British Honduras in 1902, and it commenced operations in 1903. In 1912

Royal Bank of Canada Royal Bank of Canada (RBC; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000 ...

(RBC) bought the bank and proceeded to operate it as a branch. In 1987, RBC sold the bank to an investment group headed by Lord Ashcroft as Belize Holdings, Inc., then Carlisle Holdings, then Belize Bank Holdings; the new owners renamed the bank, "Belize Bank". In 2000, Belize Bank established Belize Bank (Turks and Caicos) - "Belize Bank (TCI)." As a result of expanding Caribbean business, in February 2009, Belize Bank Ltd, changed its name to British Caribbean Bank Ltd. In 2015, the bank lost over three quarters of its deposits after it was caught up in a US tax-evasion crackdown.

The Board

*Cheryl Jones, Non-executive Director (American) *Dr Euric Bobb, Non-executive Deputy Chairman, (Trinidadian) *Dr Ydahlia Metzgen, Non-executive director (Belizean/US) *Lyndon Guiseppi, Executive Chairman (Trinidadian) *Filippo Alario, Deputy Chief Executive Officer and Chief Risk Officer (US/Italian) *Geraldine Davis-Young, Non-executive Director (Belizean/US) *Michael Coye, Executive Director (Belizean)

References

External links

Official website
{{Authority control Banks established in 1902 Banks of Belize Banks of Trinidad and Tobago 1902 establishments in British Honduras