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FCIB puts hold on dividends despite profit Article by June 10, 2021 The massive corporate loss incurred by the Caribbean’s largest bank in the first half of 2020, has begun reversing, but directors have decided against paying a shareholder dividend this quarter. CIBC FirstCaribbean International Bank (FCIB) recently released its half-year financials for the period ending April 30, and the picture looks much better with the bank recording a US$53.52 million (BDS $107.04 million) net profit. For the comparable six-months period last year, FCIB registered a US$58.26 million (BDS$117.52 million) loss on the regional operations. Of interest, was the fact that the bank, which is headquartered in Barbados, generated less revenue during the first half of this year (US$271.82 million) than it did for the comparable period in 2020 (US$301.05 million). ....
CIBC donates to SVG’s Relief effort Some of the items that comprised the donation from CIBC. As the region rallies to assist the thousands of people in St. Vincent and the Grenadines displaced by the eruption of the La Soufriere Volcano, CIBC FirstCaribbean has sent a shipment of much needed supplies to the island. The shipment which was coordinated by the Barbados Coast Guard left the island on Thursday (April 15) evening aboard the Admiral Bay and arrived in St. Vincent early Friday (April 16) morning , for presentation to the National Emergency Management Organisation (NEMO). The relief supplies which include over 40 pallets of food, water, cleaning supplies and sanitary items were purchased by funds donated by the bank’s charitable arm the FirstCaribbean International ComTrust Foundation. ....
CIBC FirstCaribbean donates to relief efforts in St. Vincent BRIDGETOWN, WILLEMSTAD - As the region rallies to assist the thousands of people in St. Vincent and the Grenadines displaced by the eruption of the La Soufriere Volcano, CIBC FirstCaribbean has sent a shipment of much needed supplies to the island. The shipment which was coordinated by the Barbados Coast Guard left the island on Thursday evening aboard the Admiral Bay which was due to arrive in St. Vincent early Friday morning and will be presented to the National Emergency Management Organisation (NEMO). The relief supplies which include over 40 pallets of food, water, cleaning supplies and sanitary items were purchased by funds donated by the bank’s charitable arm the FirstCaribbean International ComTrust Foundation. ....
CIBC FirstCaribbean makes relief donation to SVG Part of the shipment of supplies that were donated by CIBC FirstCaribbean to assist persons displaced by the eruption of La Soufriére Social Share As the region rallies to assist the thousands of people in St Vincent and the Grenadines displaced by the eruption of the La Soufriere Volcano, CIBC FirstCaribbean has sent a shipment of much needed supplies to the island. The shipment which was coordinated by the Barbados Coast Guard, left the island on Thursday evening aboard the Admiral Bay which was due to arrive in St. Vincent early Friday morning and will be presented to the National Emergency Management Organisation (NEMO). ....