CIBC FirstCaribbean’s Anguilla operations to close

(PRESS RELEASE) – CIBC FirstCaribbean International Bank today announced that it has taken a decision to close its Anguilla office early in the new year.

Managing Director of Barbados and the EC Islands, under which the Anguilla business falls, Donna Wellington, noted, “We conducted a strategic review of our business across the region and given the growth path we have identified we have made the difficult decision to close our operations in Anguilla.

“Our operation in Anguilla is a small one accounting for just 5 per cent of overall market share there. Since the economic downturn, our business in Anguilla has been experiencing operational losses. Given the continuing economic climate, we have therefore taken the difficult decision to close our office there.”

CIBC FirstCaribbean has held…

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