List of Banks in the Caribbean

 

 

Trinidad and Tobago has four main banking centers, which are First Citizens Bank, Republic Bank, Royal Bank of Trinidad & Tobago and Scotiabank. Divisions, all four service centers are located in the heart of the city of Port-of-Spain others can be found in other towns and cities on the island.

 

List of Banks in Trinidad and Tobago

 

 
Commercial Banks:-
  1. Citibank (Trinidad & Tobago) Limited
  2. FirstCaribbean International Bank (Trinidad & Tobago) Limited
  3. First Citizens Bank Limited
  4. Intercommercial Bank Limited
  5. Republic Bank Limited
  6. Scotiabank Trinidad and Tobago Limited
  7. RBTT Bank Limited
  8. Bank of Baroda (Trinidad and Tobago) Limited

Financial Institutions doing business of a financial nature (NFIs)

  1. AIC Finance Limited
  2. ANSA Merchant Bank Limited
  3. Caribbean Finance Company Limited
  4. Citicorp Merchant Bank Limited
  5. CLICO Investment Bank Limited
    (Under management by the Central Bank pursuant to Section 44D of the Central Bank Act)
  6. Development Finance Limited
  7. Fidelity Finance & Leasing Co. Limited
  8. First Citizens Asset Management Limited
  9. First Citizens Trustee Services Limited 
  10. General Finance Corporation Limited
  11. Guardian Asset Management Limited
  12. Intercommercial Trust and Merchant Bank Limited
  13. Island Finance Trinidad & Tobago Limited
  14. Republic Finance & Merchant Bank Limited
  15. RBTT Asset Management Limited
  16. RBTT Merchant Bank Limited
  17. RBTT Trust Limited
  18. Scotiatrust and Merchant Bank Trinidad and Tobago Limited

 

Source: http://www.central-bank.org.tt/financial_stability/index.php?pid=3003

 

Registered Brokers:-

21st Century Insurance and Reinsurance Brokers
3K’s Services Limited
Ace Insurance Brokers Limited
Agostini Insurance Brokers Limited
Amalgamated Insurance Brokers
Anthony David Farah
Anthony Nigel Vere Slinger
Aon Energy Caribbean Limited
Bindranath Maharajh
Blaine Hosang
Camacho De Bruin Insurance Brokers Limited
Charlett & Gatcliffe Limited
Christian W. Low
Comprehensive Insurance Brokers Limited
Consolidated Insurance Consultants Limited (CIC)
Craig Millar
Darryl Ramsundar
Dave Patterson
Derek De Silva
E.P. Insurance Services Limited
Erickson Ramkhelawan
Errol Sooknanan
Farah Insurance Brokers Limited
Fazal Imtiaz Ali
Fidelity Insurance Brokers (Fazal Ali)
Garvin Anslem Manzano
Global Financial Brokers Limited
Gregory De Montrichard
Guerero and Hubert Company Limited
Hardath General Insurance Consultants Limited
Hardeo Hardath
Insurance & Allied Services Limited
Insurance Brokers West Indies Limited
Insurance Managers Limited
Islands Insurance Brokers Limited
Janice Roberts
Jerry R. Narace
Joseph Gomes
L. Dereck Soobransingh
L & L Insurance Services Limited
Lou-Anna Ferreira-Patterson
Luciano Woodley
M&M Insurance Services Limited
Maibrol Insurance Brokers Limited
Merchants & General Insurance & Reinsurance Brokers (W.I.) Limited
Michael Redhead t/a Pensurance Brokers
Millar Insurance Brokers Limited
Millenium Insurance Brokers Limited
Nautilus Insurance Brokers Limited
Nazreen Deosingh
Neil Gosine
Nizam Mohammed
Norman Gabriel Limited
Norman Gabriel
Omah Seetahal
Pan West Indian Insurance Brokers Limited
Personalised Insurance Brokers & Reinsurance Limited
Peter Malcolm George Farah
Prakash H. Bhagan
PRFC Limited
Professional and Employee Benefits Limited
Ramnarine Maharaj
Ravi Surjan
Richard Ramdwar
Risk Management Services Limited
Risk Research Limited
Robert Gordon Charlett
Robert Lazzari
Rodney B.D. Farah
Romano Martin
Samsoondar Surjan
Samtrin Insurance Brokers Limited
Sandra Chin Yuen Kee
Satchan Ramsaran
SDS Insurance Brokers Limited
Specialists Insurance Brokers Limited
Stephen Castagne
Sterling Insurance Services Limited
Surujdeo Mangaroo
Trinidad & Tobago Insurance Consultants Limited
Trinity Insurance Brokers Limited
Walter E. De Bruin
Wayne Gosine
Winston Siriram

Others institutions contact details:

 

Agricultural Development Bank Of T & T
Address: 87 Henry St., Port of Spain
Phone: (1-868) 623-6261 / (1-868) 623-6262


Central Bank of Trinidad and Tobago
Address: Independence Square, Eric Williams Financial Plaza, Port-of-Spain
Phone: (1-868) 625-2601 / (1-868) 625-4921
Fax: (1-868) 627-4696



Citibank
Address: 12 Queen's Park East, Port of Spain
Phone: (1-868) 625-1046 / (1-868) 625-1049
Fax: (1-868) 624-8131


Citycorp Merchant Bank Limited
Address: 12 Queens Park E., Port of Spain
Phone: (1-868) 623-3344



Clico Investment Bank Limited
Address: 1 Rust Street, St. Clair, Port of Spain
Phone: (1-868) 622-2370 / (1-868) 628-3628 / (1-868) 628-4128
Fax: (1-868) 628-3639



Columbus Snackette
Address: Store Bay Rd.
Phone: (1-868) 629-8886



Exclusive Barber Salon
Address: Carrington St., Scarboro
Phone: (1-868) 629-6720



First Citizens Bank
Address: 50 St. Vincent St., Port of Spain
Phone: (1-868) 623-4778



First Citizens Trust & Merchant Bank
Address: 1 Chancery Lane, Port of Spain
Phone: (1-868) 623-9091 / (1-868) 623-9097



FirstCaribbean International Banking & Financial Corporation Limited
Address: 12 Victoria Av., Port of Spain
Phone: (1-868) 625-8535 / (1-868) 625-8905
Fax: (1-868) 625-8906



Intercommercial Bank Limited
Address: D.S.M. Plaza, Southern Main Road, Chaguanas
Phone: (1-868) 665-4425



Republic Bank
Address: Park Street, Republic House, Port of Spain
Phone: (1-868) 623-1056
Fax: (1-868) 624-1296


Republic Bank Ltd.,
Address: Carrington St., Scarborough
Phone: (1-868) 629-2811



Republic Finance & Merchant Bank Ltd., (Fincor)
Address: Centre City Mall, Chaguanas
Phone: (1-868) 665-3386



Royal Bank of Trinidad and Tobago Limited (RBTT)
Address: 55 Independence Sq., Port of Spain
Phone: (1-868) 623-1322
Fax: (1-868) 625-3764



Royal Bank Trust Company (Trinidad) Limited
Address: 55 Independence Square, Port of Spain
Phone: (1-868) 625-3511



Scotiabank Trinidad & Tobago Limited
Address: Park & Richmond Sts., Port of Spain
Phone: (1-868) 625-3566



The Home Mortgage Bank
Address: Eric Williams Plaza, Port of Spain
Phone: (1-868) 625-4972 / (1-868) 627-4695
 


The Republic of Trinidad and Tobago is an archipelagic state in the southern Caribbean, lying northeast of the South American country of Venezuela and south of Grenada in the Lesser Antilles. It shares maritime boundaries with other nations including Barbados to the northeast, Guyana to the southeast, and Venezuela to the south and west.

The country covers an area of 5,128 square kilometres (1,980 sq mi) and consists of two main islands, Trinidad and Tobago, and numerous smaller landforms. Trinidad is the larger and more populous of the main islands; Tobago is much smaller, comprising about 6% of the total area and 4% of the entire population which is estimated at 1.3 million (2005). The nation lies outside the hurricane belt.

Trinidad and Tobago was a Spanish colony from the times of Christopher Columbus to 1802, when it was ceded to Britain. The country obtained independence in 1962. Unlike most of the English-speaking Caribbean, Trinidad and Tobago's economy is primarily industrial, with an emphasis on petroleum and petrochemicals. Trinidad and Tobago has a sound macroeconomic framework and a long tradition of institutional stability. It scores relatively well in many of the 10 economic freedoms, and its economy has grown at an average rate of close to 7 percent over the past five years. The government has tried to diversify the economic base, and the country has evolved into a key financial center in the Caribbean region.

Trinidad and Tobago is known for its Carnival and is the birthplace of steelpan, calypso, soca, and limbo

 

Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy.Tourism is a growing sector, although not proportionately as important as in many other Caribbean islands. Agricultural products include citrus, cocoa, and other products.

Recent growth has been fueled by investments in liquefied natural gas (LNG), petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning. Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources but it also supplies manufactured goods, notably food and beverages, as well as cement to the Caribbean region.

Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment. The country is also a regional financial center, and the economy has a growing trade surplus. The expansion of Atlantic LNG over the past six years created the largest-single sustained phase of economic growth in Trinidad and Tobago. It has become the leading exporter of LNG to the United States, and now supplies some 70% of U.S. LNG imports.

Trinidad and Tobago has transitioned from an oil-based economy to a natural gas based economy. In 2007, natural gas production averaged 4 billion standard cubic feet per day (mmscf/d), compared with 3.2 bcf/d in 2005. In December 2005, the Atlantic LNG fourth production module or "train" for liquefied natural gas (LNG) began production. Train 4 has increased Atlantic LNG's overall output capacity by almost 50% and is the largest LNG train in the world at 5.2 million tons/year of LNG.

Trinidad and Tobago's infrastructure is good by regional standards. The international airport in Trinidad was expanded in 2001. There is an extensive network of paved roads with several good four and six lane highways including one controlled access expressway. The Ministry of Works estimates that an average Trinidadian spends about 4 hours in traffic per day. Emergency services are reliable, but may suffer delays in rural districts. Private hospitals are available and reliable. Utilities are fairly reliable in the cities. Some areas, however, especially rural districts, still suffer from water shortages.

Telephone service is relatively modern and reliable.[original research?] Cellular service is widespread and has been the major area of growth for several years. Telecommunications Services of Trinidad and Tobago Limited (generally known as TSTT) is the largest telephone and Internet service provider in Trinidad and Tobago. The company, which is jointly owned by the Government of Trinidad and Tobago and Cable & Wireless, was formed out of a merger of Telco (Trinidad and Tobago Telephone Company Limited) and Textel (Trinidad and Tobago External Telecommunications Company Limited). TSTT no longer holds a monopoly in fixed-line telephone services due to Flow introducing a fixed-line service of their own, and their cellular monopoly was broken in June 2005 when licenses were granted to Digicel and Laqtel. Laqtel however never started business.

 

The currency is the Trinidad and Tobago dollar (TT$). It is often called the "TT" (tee-tee) to differentiate it from the other occasionally accepted currency, the US Dollar. At present, most businesses will give you a rate of TT$ 6 to the US$ 1.
Major credit cards are widely accepted. ATMs are common in the larger cities throughout Trinidad and Tobago. There are ATMs available upon arrival in both the Port of Spain, Trinidad and Crown Point, Tobago airports.

 

Dual Band GSM mobile phones work in Trinidad and Tobago. It is possible to hire a mobile while you are out there - contact TSTT Cellnet (tel: 800 CELL; fax: 001 868 625 5807). There are payphones around the island which use pre-paid cards available from most shops and supermarkets. Faxes are available in most hotels.
 
What is an Automated Clearing House (ACH)?
An ACH is an electronic clearing system in which payment orders are exchanged among financial institutions, primarily via magnetic media of telecommunication networks, and handled by a data-processing centre. (Bank for International Settlements)

 

What is the difference between the Real Time Gross Settlement (RTGS) and the Automated Clearinghouse (ACH)?
The RTGS, called safe-tt, is owned and operated by the Central Bank. It processes high value electronic transactions, over TT$500K, payment by payment. The ACH is owned by all commercial banks and the Central Bank. It will process low value, high volume transactions less than TT$500k in value in a batch system.

 

How long has the ACH been in use internationally?
The Automated Clearing House was first established in California in 1972. In the United Kingdom, the Bankers Automated Clearing Services was formed in 1971, having previously been known as the Inter-Bank Computer Bureau.

 

Who finances the Trinidad and Tobago Interbank Payments System (TTIPS)?
All commercial banks and the Central Bank have invested in the operation of TTIPS. Another major source of funding will be a transaction fee to be charged to members.

Source: http://www.central-bank.org.tt/faqs/index.php?fid=financial_stability#16

 

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

 


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