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Belize Bank

Bank of Belize

Field	Value
name	Belize Bank
logo	The Belize Bank Limited Logo.png
image	Balizebank2023.jpg
image_caption	Agency in Belmopan.
type	Public company
foundation
location_country	Belize
industry	Financial services
products	Banking
assets	BZ$880 million in assets
owner	Caribbean Investment Holdings Limited
homepage

The Belize Bank Limited (BBL) is a full-service commercial bank in Belize, offering a comprehensive range of banking and financial services. As the country's first and oldest continuous banking institution, BBL upholds a longstanding tradition of service excellence.

In 2022, BBL acquired the assets and liabilities of Scotiabank (Belize) Limited, becoming the largest commercial bank in Belize with a 44.4% market share of the country's banking assets. BBL operates 11 branches across all districts and maintains a network of 45 ATMs, providing extensive coverage nationwide.

As of March 2024, The bank had over BZ$2.1 billion in assets and BZ$272.4 million of capital reserves. It has a 38.7 % market share in loans and 42.1% market share in deposits.

History

The Bank of British Honduras was incorporated in December 1902 and opened for business in 1903. In 1912, its operations were purchased by the Royal Bank of Canada beginning the second era of operations which lasted until 1987. In April of 1987, the Royal Bank operations was purchased by the Belize Bank – a group of local investors who rebranded it to “The Belize Bank Limited” – commencing the third era of Belize’s longest uninterrupted banking operation totaling over 100 years of service to Belize. The ultimate parent company of BBL is Waterloo Investment Holdings Limited.

The Board

Mr. Filippo Alario - Chairman & CEO
Mr. Michael Coye - Executive Director
Mr. Richard Look Kin - Executive Director
Ms. Geraldine Davis Young - Independent Non-Executive Director
Dr. Dr. Ydahlia Metzgen - Independent Non-Executive Director
Amb. A. Joy Grant - Independence Non-Executive Director

References

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

banks-established-in-1902 banks-of-belize 1902-establishments-in-british-honduras

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