List of Banks in the Caribbean

 

The Bahamas, officially the Commonwealth of The Bahamas, is an English-speaking country consisting of 29 islands, 661 cays, and 2,387 islets (rocks). It is located at the north-east of the Caribbean Sea in the Atlantic Ocean north of Cuba, Hispaniola (Dominican Republic and Haiti) and the Caribbean Sea, northwest of the Turks and Caicos Islands, and southeast of the United States of America (nearest to the state of Florida). Its total land area is almost 14 000 km˛, with an estimated population of 330,000. Its capital is Nassau.

Originally inhabited by Arawakan Taino people, The Bahamas were the site of Columbus' first landfall in the New World in 1492. Although the Spanish never colonised The Bahamas, they shipped the native Lucayans (as the Bahamian Taino settlers referred to themselves) to slavery in Hispaniola. The islands were mostly deserted from 1513 to 1650, when British colonists from Bermuda settled on the island of Eleuthera.

The Bahamas became a Crown Colony in 1718 when the British clamped down on piracy. Following the American War of Independence, thousands of pro-British loyalists and enslaved Africans moved to The Bahamas and set up a plantation economy. The slave trade was abolished in the British Empire in 1807 and many Africans liberated from slave ships by the Royal Navy were settled in The Bahamas during the 19th century. Slavery itself was abolished in 1834 and the descendants of enslaved and liberated Africans form the bulk of The Bahamas's population today.

 

List of Banks in Bahamas

 

Americas International Bank Corporation Ltd.
Address: Euro Canadian Centre Marlborough Street
Mailing Address: P.O. Box N-7109
City: Nassau
Phone: (1-242) 326-3981
Fax: (1-242) 326-3980




Ansbacher (Bahamas) Ltd.
Address:
Mailing Address: P.O. Box N-7768
City: Nassau
Phone: (1-242) 322-1161
Fax: (1-242) 326-5020



Aquator Bank Limited
Address: Shirley & Charlotte Street
Mailing Address: P.O. Box SS-6273
City: Nassau
Phone: (1-242) 322-2754
Fax: (1-242) 326-5706



B B M Bank Limited
Address: 2nd Floor Shirley House 50 Shirley Street
Mailing Address: P.O. Box N-7507
City: Nassau
Phone: (1-242) 356-6584
Fax: (1-242) 356-6015



B N P PARIBAS Private Bank & Trust (Bahamas) Ltd.
Address: Beaumont Hse-3rd Floor Bay Street
Mailing Address: P.O. Box N-4883
City: Nassau
Phone: (1-242) 326-5935
Fax: (1-242) 326-5871



Bahamas Development Bank
Address: Cable Beach
Mailing Address: P.O. Box N-3034
City: Nassau
Phone: (1-242) 327-5780
Fax: (1-242) 327-5047




Bahamas Development Bank
Address: Marsh Harbour
Phone: (1-242) 367-2489



Banco Andino (Nassau) Lmited
Address: East Bay Street
Mailing Address: P.O. Box EE 17577
City: Nassau
Phone: (1-242) 394-6231
Fax: (1-242) 394-5654



Banco CCF Brazil S A
Address: Saffrey Square Building. Suite 204
Mailing Address: P.O. Box N 8710
City: Nassau
Phone: (1-242) 356-5851
Fax: (1-242) 356-5850



Banco Popular International Limited
Address: Harbour Front Building 2nd Floor East Bay Street
Mailing Address: P.O. Box EE 17577
City: Nassau
Phone: (1-242) 394-6231
Fax: (1-242) 394-5654



Banco Santander Central Hispano & Trust Ltd.
Address: Charlotte & Shirley Street (Bahamas Financial)
Mailing Address: P.O. Box N-1682
City: Nassau
Phone: (1-242) 322-3588
Fax: (1-242) 322-3585

Keywords: Trust

Banco Santander Trust & Banking Ltd.
Address: The Bahamas Financial Center
Mailing Address: P.O. Box N 1682
City: Nassau
Phone: (1-242) 322-3588
Fax: (1-242) 322-3585



Bank of Butterfield (Bahamas) Limited
Address: 3rd Floor, Montague Sterling Centre
Mailing Address: P.O. Box N-3242
City: Nassau
Phone: (1-242) 393-8622
Fax: (1-242) 393-3772





Bank Of Hawaii
Address: Bolam House
Mailing Address: P.O. Box N 4843
City: Nassau
Phone: (1-242) 326-6895
Fax: (1-242) 322-8719



Bank of Nova Scotia
Address: Marsh Harbour
Phone: (1-242) 367-2142



Bank Of The Bahamas Trust Ltd.
Address: Shirley & Charlotte Streets, ( Claughton House)
Mailing Address: P.O. Box N 7118
City: Nassau
Phone: (1-242) 326-2560 / (1-242) 326-2613
Fax: (1-242) 323-2637




Bankamerica Trust And Banking Corporation(Bahamas) Lmtd.
Address: East Bay Street
Mailing Address: P.O. Box N 9100
City: Nassau
Phone: (1-242) 393-7411
Fax: (1-242) 393-3030



BankBoston Trust Co Ltd.
Address: Charlotte & Shirley Streets
Mailing Address: P.O. Box N 3930
City: Nassau
Phone: (1-242) 322-8531
Fax: (1-242) 328-2750



Banque Privee Edmond De Rothschild Ltd
Address: 51 Frederick Street
Mailing Address: P.O. Box N1136
City: Nassau
Phone: (1-242) 328-8121
Fax: (1-242) 328-8115



Banque SCS Alliance (Nassau) Ltd.
Address: East Bay Street
Mailing Address: P.O. Box N-1724
City: Nassau
Phone: (1-242) 394-6161
Fax: (1-242) 394-6262



Barclays Bank
Address: Marsh Harbour
Phone: (1-242) 367-2152



Barclays Bank PLC
Address: Bay Street
Mailing Address: P.O. Box N 8350
City: Nassau
Phone: (1-242) 356-8000
Fax: (1-242) 328-7979



British American Bank
Address: Cable Beach
Mailing Address: P.O. Box N-7502
City: Nassau
Phone: (1-242) 327-5170
Fax: (1-242) 327-5166



BSI Overseas (Bahamas) Limited
Address: East Bay Street, Bayside Executive Park
Mailing Address: P.O. Box N-7130
City: Nassau
Phone: (1-242) 702-1200
Fax: (1-242) 702-1250



C I B C
Address: 308 East Bay Street
Mailing Address: P.O. Box N-8329
City: Nassau
Phone: (1-242) 393-4710



C I B C Bahamas Limited
Address: Nicholls Town
Mailing Address: P.O. Box N 7125
Phone: (1-242) 329-2382



CIBC
Address: Marsh Harbour
Phone: (1-242) 367-2166



CIBC Bank
Address: Nicholl's Town
Phone: (1-242) 369-0502



Citco Bank & Trust Company (Bahamas) Ltd.
Address: Shirley & Charlotte Sts., Bahamas Fin. Center, 4th Floor
Mailing Address: P.O. Box CB 13136
City: Nassau
Phone: (1-242) 356-5928
Fax: (1-242) 356-2781




CitiBank NA
Address: Thomson Blvd.
Mailing Address: P.O. Box N 8158
City: Nassau
Phone: (1-242) 356-2484
Fax: (1-242) 302-8799



Citybank Global Corporate & Ivestment Bank
Address: 110 Thompson Blvd.
Mailing Address: P.O. Box N 8158
City: Nassau
Phone: (1-242) 302-8859
Fax: (1-242) 302-8625



Commonwealth Bank
Address: East Bay St
Mailing Address: P.O. Box SS 6263
City: Nassau
Phone: (1-242) 322-1154
Fax: (1-242) 393-7663



Commonwealth Bank
Address: Marsh
Phone: (1-242) 367-2370



Credit Suisse (Bahamas) Limited
Address: Shirley & Charlotte Streets
Mailing Address: P.O. Box N-4928
City: Nassau
Phone: (1-242) 356-8100
Fax: (1-242) 326-6589




Darier Hentsch Private Bank & Trust Ltd
Address: West Bay St., (Goodman's Bay Corporate Centre)
Mailing Address: P.O. Box N-4938
City: Nassau
Phone: (1-242) 302-2100
Fax: (1-242) 302-2101



Elco Bank & Trust Co Ltd
Address: Shirley Street
Mailing Address: P.O. Box N-7521
City: Nassau
Phone: (1-242) 322-3997
Fax: (1-242) 325-3345



Ferrier Lullin Bank & Trust ( Bahamas ) Limited
Address: UBS House, East Bay St.
Mailing Address: P.O. Box N-4980
City: Nassau
Phone: (1-242) 394-9100




Fidelity Bank & Trust International Limited
Address: 51 Frederick Street
Mailing Address: P.O. Box CB-12337
City: Nassau
Phone: (1-242) 356-7764
Fax: (1-242) 326-3000



Finter Bank & Trust (Bahamas) Ltd.
Address: Frederick Street
Mailing Address: P.O. Box N-9932
City: Nassau
Phone: (1-242) 356-6451
Fax: (1-242) 356-5818





First Caribbean International Bank Ltd.
Address: Shirley Street, (Bahamas International Banking Centre)
Mailing Address: P.O. Box N-8350
City: Nassau
Phone: (1-242) 302-6000
Fax: (1-242) 302-6091




First Caribbean International Bank Ltd.
Address: Pioneers Way
Mailing Address: P.O. Box F-42404
City: Freeport
Phone: (1-242) 352-8391
Fax: (1-242) 367-9712




Gilingam Bank & Trust Ltd
Address: East Bay Street
Mailing Address: P.O. Box N-7543
City: Nassau
Phone: (1-242) 393-8144 / (1-242) 394-4627
Fax: (1-242) 393-2768




Gonet Bank & Trust Ltd
Address: Charlotte St
Mailing Address: P.O. Box N-4837
City: Nassau
Phone: (1-242) 323-7967
Fax: (1-242) 326-8355



Guaranty Trust Bank Ltd
Address: Charlotte Street
Mailing Address: P.O. Box N-1051
City: Nassau
Phone: (1-242) 323-7441
Fax: (1-242) 323-7693



Handelsfinanz CCF Bank International Ltd.
Address: Frederick Street, (Maritime House)
Mailing Address: P.O. Box N-10441
City: Nassau
Phone: (1-242) 328-8644
Fax: (1-242) 328-8600



HonKong & Shanghai Bankking Corporation Ltd
Address: Shirley Street
Mailing Address: P.O. Box N-4917
City: Nassau
Phone: (1-242) 322-3895
Fax: (1-242) 322-5622



IberAtlantico Bank & Trust Ltd.
Address: East Bay Street
Mailing Address: P.O. Box SS-6289
City: Nassau
Phone: (1-242) 393-1081
Fax: (1-242) 393-1161




Inter-American Development Bank (I D B )
Address: Bay Street
Mailing Address: P.O. Box N-3743
City: Nassau
Phone: (1-242) 393-7159
Fax: (1-242) 393-8430




International Merchant Bank Limited
Address: Charlotte & Shirley Streets
Mailing Address: P.O. Box N-4584
City: Nassau
Phone: (1-242) 322-1620
Fax: (1-242) 322-6312



InvestMent Masters
Address: Beaumont House Bay St
Mailing Address: P.O. Box SS-6236
City: Nassau
Phone: (1-242) 323-8463
Fax: (1-242) 328-4642



Latin American Investment Bank Bahamas Ltd
Address: Thompson Blvd
Mailing Address: P.O. Box N-1576
City: Nassau
Phone: (1-242) 302-8650
Fax: (1-242) 302-8655



Llyds TSB Bank (Americas) Ltd
Address: George & King Sts
Mailing Address: P.O. Box N-1262
City: Nassau
Phone: (1-242) 322-8711
Fax: (1-242) 322-8719



National Bank Of Canada (International) Ltd
Address: Charlotte Street
Mailing Address: P.O. Box N-3015
City: Nassau
Phone: (1-242) 322-4024
Fax: (1-242) 323-8086



Nordfinanz Bank Zurich
Address: Norfolk House Frederick Street
Mailing Address: P.O. Box N-7529
City: Nassau
Phone: (1-242) 323-3347
Fax: (1-242) 328-2177



Overseas Union Bank & Trust (Bahamas) Ltd
Address: King's Ct Bay St
Mailing Address: P.O. Box N-8184
City: Nassau
Phone: (1-242) 322-2476
Fax: (1-242) 323-8771



Pictet Bank Trust Ltd
Address: West Bay Street, Bayside Executive Park
Mailing Address: P.O. Box N-4837
City: Nassau
Phone: (1-242) 302-3938
Fax: (1-242) 326-8355





Royal Bank Of Canada
Address: Don Mackey Blvd. Marsh Harbour
Mailing Address: P.O. Box AB 20417
Phone: (1-242) 367-2420
Fax: (1-242) 367-2547



Royal Bank Of Canada
Address: Andros Town
Phone: (1-242) 368-2071



Royal Bank Of Canada
Address: Bimini
Phone: (1-242) 347-3031



Scotia (Bahamas) Ltd.
Address: Queens Highway Rock Sound
Mailing Address: P.O. Box EL 26038
Phone: (1-242) 334-2620
Fax: (1-242) 334-2619



Scotiabank (Bahamas) Ltd.
Address: George Town
Mailing Address: P.O. Box EX 29014
Phone: (1-242) 336-2651
Fax: (1-242) 336-2514



Sentinel International
Address: West Bay St., Goodman's Corporate Centre
Mailing Address: P.O. Box CB-12407
City: Nassau
Phone: (1-242) 356-4320
Fax: (1-242) 356-7466





SG Hambros Bank & Trust (Bahamas) Ltd
Address: West Bay St
Mailing Address: P.O. Box N-7788
City: Nassau
Phone: (1-242) 302-5000
Fax: (1-242) 326-6709



SG Hambros Bank & Trust (Bahamas)Limited
Address: West Bay Street
Mailing Address: P.O. Box N-7788
City: Nassau
Phone: (1-242) 302-5000
Fax: (1-242) 326-6709




State Bank Of India
Address: Norfolk House Frederick Street
Mailing Address: P.O. Box N-3118
City: Nassau
Phone: (1-242) 322-8073
Fax: (1-242) 322-8073



Sterling Securities International Ltd
Address: Bay Street
Mailing Address: P.O. Box N-8680
City: Nassau
Phone: (1-242) 325-8633
Fax: (1-242) 325-8658



Surety Bank & Trust Company Ltd
Address: Suite 6 Hurrican Hole Plaza
Mailing Address: P.O. Box SS-5857
City: Nassau
Phone: (1-242) 363-4276
Fax: (1-242) 363-5500




The Bank Of The Bahamas
Address: Mangrove Cay
Phone: (1-242) 369-0502



The Central Bank of the Bahamas
Address: Mackey Street
City: Nassau
Phone: (1-242) 322-2193
Fax: (1-242) 322-4321



The Chase Manhattan Private Bank And Trust Company
Address:
Mailing Address: P.O. Box N-3708
City: Nassau
Phone: (1-242) 356-1300
Fax: (1-242) 325-1706 / (1-242) 326-5513



U B S (Bahamas) Ltd
Address: East Bay Street
Mailing Address: P.O. Box N-7757
City: Nassau
Phone: (1-242) 394-9300
Fax: (1-242) 394-9333



UBS (Bahamas Ltd.
Address: East Bay Street
Mailing Address: P.O. Box N-7757
City: Nassau
Phone: (1-242) 394-9300
Fax: (1-242) 394-9333



UBS (Bahamas) Ltd.
Address: East Bay Street
Mailing Address: P.O. Box N-7757
City: Nassau
Phone: (1-242) 394-9300
Fax: (1-242) 394-9333


Keywords: Money

UBS Bahamas Ltd.
Address: East Bay St.
Mailing Address: P.O. Box N-7757
City: Nassau
Phone: (1-242) 394-9300
Fax: (1-242) 394-9333




Unibanco S A
Address: 308 East Bay St
Mailing Address: P.O. Box SS-6387
City: Nassau
Phone: (1-242) 394-5940
Fax: (1-242) 394-8180



Union Bancaire Privee
Address: Shirley & Charlotte Sts., Charlotte House
Mailing Address: P.O.Box N-7529
City: Nassau
Phone: (1-242) 323-3347
Fax: (1-242) 328-2177



United European Bank
Address: 75 Frederick Street (Apsley House)
Mailing Address: P.O. Box N-4915
City: Nassau
Phone: (1-242) 322-4456
Fax: (1-242) 326-2280

Keywords: Trust

United European Bank
Address: 75 Frederick Street
Mailing Address: P.O. Box N-4915
City: Nassau
Phone: (1-242) 322-4456
Fax: (1-242) 326-2280



United European Bank & Trust (Nassau) Ltd
Address: Apsley House 75 Frederick St
Mailing Address: P.O. Box N-4093
City: Nassau
Phone: (1-242) 322-4456
Fax: (1-242) 326-2280



Workers Bank Limited
Address: Harrol Road
Mailing Address: P.O. Box N-100
City: Nassau
Phone: (1-242) 325-1200
Fax: (1-242) 325-1233

 

List of Swift Codes Banks in The Bahamas

 

Get your own Bank account with ATM card (Maestro/Mastercard debit card) for withdrawals with a Bank in the Caribe
 


The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth in recent years, but the slowdown in the US economy and the attacks of 11 September 2001 held back growth in these sectors in 2001-03. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left The Bahamas. Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector, which depends on growth in the US, the source of more than 80% of the visitors. In addition to tourism and banking, the government supports the development of a "third pillar", e-commerce.

Contents
1 Basic Ingredients of the Bahamian Economy
2 Business environment
3 Areas of opportunity
4 Statistics
5 References

Basic Ingredients of the Bahamian Economy
The Bahamian economy is almost entirely dependent on tourism and financial services to generate foreign exchange earnings. Tourism alone provides an estimated 60% of the gross domestic product (GDP) and employs about half the Bahamian work force. In 2004, over 5 million tourists visited The Bahamas, most of whom are from the United States.

A major contribution to the recent growth in the overall Bahamian economy is Kerzner International's Atlantis Resort and Casino, which took over the former Paradise Island Resort and has provided a much needed boost to the economy. In addition, the opening of Breezes Super Club and Sandals Resort also aided this turnaround. The Bahamian Government also has adopted a proactive approach to courting foreign investors and has conducted major investment missions to the Far East, Europe, Latin America, and Canada. The primary purpose of the trips was to restore the reputation of The Bahamas in these markets.

Financial services constitute the second-most important sector of the Bahamian economy, accounting for up to 17% of GDP, due to the country's status as an offshore financial center. As of December 1998, the government had licensed 418 banks and trust companies in The Bahamas. The Bahamas promulgated the International Business Companies (IBC) Act in January 1990 to enhance the country's status as a leading financial center. The act served to simplify and reduce the cost of incorporating offshore companies in The Bahamas. Within 9 years, more than 84,000 IBC-type companies had been established. In February 1991, the government also legalized the establishment of Asset Protection Trusts in The Bahamas. In December 2000, partly as a response to appearing the plenary FATF Blacklist, the government enacted a legislative package to better regulate the financial sector, including creation of a Financial Intelligence Unit and enforcement of "know-your-customer" rules. Other initiatives include the enactment of the Foundations Act in 2004 and the planned introduction of legislation to regulate Private Trust Companies.

See also: Agriculture in the Bahamas
Agriculture and fisheries industry together account for 5% of GDP. The Bahamas exports lobster and some fish but does not raise these items commercially. There is no largescale agriculture, and most agricultural products are consumed domestically. The Bahamas imports more than $250 million in foodstuffs per year, representing about 80% of its food consumption. The government aims to expand food production to reduce imports and generate foreign exchange. It actively seeks foreign investment aimed at increasing agricultural exports, particularly specialty food items. The government officially lists beef and pork production and processing, fruits and nuts, dairy production, winter vegetables, and mariculture (shrimp farming) as the areas in which it wishes to encourage foreign investment.

The Bahamian Government maintains the value of the Bahamian dollar on a par with the U.S. dollar. The Bahamas is a beneficiary of the U.S.-Caribbean Basin Trade Partnership Act (CBTPA), Canada's CARIBCAN program, and the European Union's Lome IV Agreement. Although the Bahamas participates in the political aspects of the Caribbean Community (CARICOM), it has not entered into joint economic initiatives with other Caribbean states.

The Bahamas has a few notable industrial firms: the Freeport pharmaceutical firm, PFC Bahamas (formerly Syntex), which recently streamlined its production and was purchased by the Swiss pharmaceutical firm Roche; the BORCO oil facility, also in Freeport, which transships oil in the region; the Commonwealth Brewery in Nassau, which produces Heineken, Guinness, and Kalik beers; and Bacardi Corp., which distills rum in Nassau for shipment to the U.S. and European markets. Other industries include sun-dried sea salt in Great Inagua, a wet dock facility in Freeport for repair of cruise ships, and mining of aragonite--a type of limestone with several industrial uses-- from the sea floor at Ocean Cay.

The Hawksbill Creek Agreement established a duty-free zone in Freeport, The Bahamas' second-largest city, with a nearby industrial park to encourage foreign industrial investment. The Hong Kong-based firm, Hutchison Whampoa, has opened a container port in Freeport. The Bahamian Parliament approved legislation in 1993 that extended most Freeport tax and duty exemptions through 2054.

The Bahamas is largely an import, service economy. There are about 110 U.S.-affiliated businesses operating in The Bahamas, and most are associated with tourism and banking. With few domestic resources and little industry, The Bahamas imports nearly all its food and manufactured goods from the United States. American goods and services tend to be favored by Bahamians due to cultural similarities and heavy exposure to American advertising.

Business environment
The Bahamas offers attractive features to the potential investor: a stable democratic environment, relief from personal and corporate income taxes, timely repatriation of corporate profits, proximity to the U.S. with extensive air and telecommunications links, and a good pool of skilled professional workers. The Government of The Bahamas welcomes foreign investment in tourism and banking and has declared an interest in agricultural and industrial investments to generate local employment, particularly in white-collar or skilled jobs. Despite its interest in foreign investment to diversify the economy, the Bahamian Government responds to local concerns about foreign competition and tends to protect Bahamian business and labor interests. As a result of domestic resistance to foreign investment and high labor costs, growth can stagnate in sectors which the government wishes to diversify.

The country's infrastructure is best developed in the principal cities of Nassau and Freeport, where there are relatively good paved roads and international airports. Electricity is generally reliable, although many businesses have their own backup generators. In Nassau, there are two daily newspapers, three weeklies, and several international newspapers available for sale. There also are eight radio stations. Both Nassau and Freeport have a television station. Cable TV also is available locally and provides most American programs with some Canadian and European channels.

Areas of opportunity
The best U.S. export opportunities remain in the traditional areas of foodstuffs and manufactured goods: vehicles and automobile parts; hotel, restaurant, and medical supplies; and computers and electronics. Bahamian tastes in consumer products roughly parallel those in the U.S. With approximately 85% of the population of primarily African descent, there is a large and growing market in the Bahamas for "ethnic" personal care products. Merchants in southern Florida have found it profitable to advertise in Bahamian publications. Most imports in this sector are subject to high but nondiscriminatory tariffs.
 


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