Eastern Caribbean Financial Holding Company

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Eastern Caribbean Financial Holding Company is a Saint Lucian financial services holding company listed on the Eastern Caribbean Securities Exchange.

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The Eastern Caribbean dollar is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign $ or, alternatively, EC$ to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cents. It has been pegged to the United States dollar since 7 July 1976, at the exchange rate of US$1 = EC$2.70.

<span class="mw-page-title-main">Saint Lucia</span> Country in the West Indies in the eastern Caribbean Sea

Saint Lucia is an island country in the West Indies in the eastern Caribbean Sea on the boundary with the Atlantic Ocean. The island was previously called Iyonola, the name given to the island by the native Arawaks, and later Hewanorra, the name given by the native Caribs, two separate Amerindian peoples. Part of the Windward Islands of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of 617 km2 and reported a population of 165,595 in the 2010 census. St. Lucia's largest city is Castries, its current capital, and its second largest is Soufrière, the first French colonial capital on the island.

<span class="mw-page-title-main">Economy of Saint Lucia</span> Economy of the Saint Lucia

Once a single-crop agricultural economy, Saint Lucia has shifted to a tourism and banking serviced-based economy. Tourism, the island's biggest industry and main source of jobs, income and foreign exchange, accounts for 65% of its GDP. Agriculture, which was once the biggest industry, now contributes to less than 3% of GDP, but still accounts for 20% of jobs. The banana industry is now on a decline due to strong competition from low-cost Latin American producers and reduced European trade preferences, but the government has helped revitalize the industry, with 13,734 tonnes exported in 2018. Agricultural crops grown for export are bananas, mangoes, and avocados. The island is considered to have the most diverse and well-developed manufacturing industry in the eastern Caribbean.

<span class="mw-page-title-main">Saint Vincent and the Grenadines</span> Country in the Caribbean

Saint Vincent and the Grenadines is an island country in the Caribbean. It is located in the southeast Windward Islands of the Lesser Antilles, which lie in the West Indies at the southern end of the eastern border of the Caribbean Sea where the latter meets the Atlantic Ocean.

<span class="mw-page-title-main">Basseterre</span> Capital of Saint Kitts and Nevis

Basseterre is the capital and largest city of Saint Kitts and Nevis with an estimated population of 14,000 in 2018. Geographically, the Basseterre port is located at 17°18′N62°44′W, on the south western coast of Saint Kitts Island, and it is one of the chief commercial depots of the Leeward Islands. The city lies within Saint George Basseterre Parish.

<span class="mw-page-title-main">Castries</span> Capital of Saint Lucia

Castries is the capital and largest city of Saint Lucia, an island country in the Caribbean. The urban area had the population of approximately 20,000, while the eponymous district had a population of 70,000 on 22 May 2013. The city stretches over an area of 80 km2 (31 sq mi).

<span class="mw-page-title-main">Organisation of Eastern Caribbean States</span> Intergovernmental organisation

The Organisation of Eastern Caribbean States is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance between countries and territories in the Eastern Caribbean. It also performs the role of spreading responsibility and liability in the event of natural disaster.

The British West Indies dollar (BWI$) was the currency of British Guiana and the Eastern Caribbean territories of the British West Indies from 1949 to 1965, when it was largely replaced by the East Caribbean dollar, and was one of the currencies used in Jamaica from 1954 to 1964. The monetary policy of the currency was overseen by the British Caribbean Currency Board (BCCB). It was the official currency used by the West Indies Federation The British West Indies dollar was never used in British Honduras, the Cayman Islands, the Turks and Caicos Islands, the Bahamas, or Bermuda.

Caribbean Star Airlines was an airline based in Antigua and Barbuda. It operated scheduled passenger services in conjunction with Leeward Islands Air Transport (LIAT) to destinations in the eastern Caribbean. Its main base was VC Bird International Airport, St John's. The company slogan was A Whole New Altitude.

Bank of Saint Lucia is a subsidiary of Eastern Caribbean Financial Holding Company. It was formed in July 2001 as a result of the merger between National Commercial Bank and the Saint Lucia Development Bank.

The Eastern Caribbean Securities Exchange (ECSE) is the first regional securities market in the Western Hemisphere and a regional Stock exchange, established by the Eastern Caribbean Central Bank (ECCB) to serve the eight member territories of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. Its headquarters are located in the city of Basseterre, on the island of St. Kitts.

The Royal Bank of Trinidad and Tobago (RBTT) was a commercial bank based in Trinidad and Tobago and one of the largest commercial banking corporations in the Caribbean region. As of 2008 RBTT Holdings had a group asset base of over US$6.2 billion dollars. The RBTT group of companies operated several commercial banking businesses in other neighbouring islands, as well as various investment holdings in various parts of the Trinidad and Tobago economy. On 26 March 2008, RBTT Shareholders voted 98.18 percent in favour of selling the bank to the Royal Bank of Canada (RBC), who previously had divested the bank in 1987. On 16 June 2008, RBC completed the acquisition. RBTT Financial Holdings Limited and RBC Holdings Limited, a subsidiary of RBC, will amalgamate and continue as a wholly owned indirect subsidiary of RBC. The head office of the Caribbean operations for RBC will be located at Port of Spain, the capital of Trinidad and Tobago, and the site of RBTT's headquarters.

<span class="mw-page-title-main">Republic Bank</span> Caribbean bank and financial service provider

Republic Bank Limited is a leading Caribbean financial institution headquartered in Trinidad and Tobago. It has operations in Anguilla, Barbados, the British Virgin Islands, the Cayman Islands, Dominica, Ghana, Grenada, Guyana, St. Kitts and Nevis, Saint Lucia, St. Maarten, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago. It was formerly a division of Barclays Bank in Trinidad and Tobago.

<span class="mw-page-title-main">Eastern Caribbean Currency Union</span>

The Eastern Caribbean Currency Union (ECCU) is a development of the Organization of Eastern Caribbean States. This organization is composed of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. It is under the supervision of the Eastern Caribbean Central Bank. The member countries use a common currency, the Eastern Caribbean dollar, which is pegged at EC$2.70 to US$1.

<span class="mw-page-title-main">Argyle International Airport</span> Airport in Argyle

Argyle International Airport is an international airport in Saint Vincent and the Grenadines, about 5.17 miles (8.32 km) from Kingstown. The airport is one of St. Vincent and the Grenadines' most important infrastructure assets and the country's first international airport. This airport connects St. Vincent and the Grenadines to major airports such as Miami International Airport, John F. Kennedy International Airport, Toronto Pearson International Airport, London Heathrow Airport as well as other airports in the Caribbean. It is the largest of five airports in the multi-island nation of St. Vincent and the Grenadines and the largest international gateway into the country, the others being J. F. Mitchell Airport in Bequia, Canouan Airport, Mustique Airport and Union Island Airport all in the Grenadines. Argyle International Airport serves as a major gateway to the Grenadines, with several airlines operating an extensive network of direct domestic flights from AIA to all destinations in the Grenadines. The airport is the second solar powered airport in the Caribbean, following V. C. Bird International Airport in Antigua.

<span class="mw-page-title-main">K. Dwight Venner</span>

Sir Kenneth Dwight Vincent Venner, KBE, SLC was the Governor of the Eastern Caribbean Central Bank, a position he held from December 1989 to November 2015. Prior to that, he served as the Director of Finance and Planning in the St Lucian Government between November 1981 and November 1989.

References

  1. "GraceKennedy acquires majority shares in St Lucia's EC Global - Latest News - JamaicaObserver.com". Archived from the original on 2016-03-04. Retrieved 2015-09-21.
  2. http://www.caribbeannewsnow.com/headline-St-Vincent-government-completes-sale-of-National-Commercial-Bank-3516.html