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Trading

List of Banks in Saint Lucia & Saint Vincent and the Grenadines

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: December 7, 2018

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Banks in Saint Lucia: Full Listing

Find below the list of banks in Saint Lucia
Commercial banks
1st National Bank of St Lucia
Bank of Saint Lucia

Branches of Foreign Banks in Saint Lucia

Branches of foreign banks
The Bank of Nova Scotia (SCOTIABANK)
Royal Bank of Canada (RBC)

Foreign-Owned Banks in Saint Lucia

Foreign-owned banks
FirstCaribbean International Bank (FCIB); Subsidiary of CIBC
See below the list of banks in Saint Vincent and the Grenadines

Banks in Saint Vincent and the Grenadines

Local banks
Bank of Nova Scotia
First Caribbean International Bank
National Commercial Bank (SVG) Limited
RBTT Bank Caribbean Ltd.

Offshore Banks in Saint Vincent and the Grenadines

Offshore banks
Loyal Bank Limited
United Bank Limited
European Commerce Bank
Safe Harbor Bank Ltd.
Trend Bank Ltd.
Millennium Bank Inc

Key Takeaways

  • Saint Lucia’s banking sector includes prominent local players like Bank of Saint Lucia and 1st National Bank alongside regional and international banks.
  • Saint Vincent and the Grenadines offers a mix of established local banks and offshore banking options under a robust regulatory framework.
  • Both jurisdictions use the Eastern Caribbean Dollar (XCD), pegged to the US dollar, promoting currency stability.
  • Regulatory oversight is provided regionally by the ECCB and locally by agencies like SVG’s FSA, ensuring prudent supervision.

References

Frequently Asked Questions

What is the main currency used?
Both countries use the Eastern Caribbean Dollar (XCD), pegged to the US dollar for stability.
Which regulators oversee banking?
Banking is regionally regulated by the Eastern Caribbean Central Bank (ECCB), and in SVG also by the Financial Services Authority (FSA).
Are offshore banking services available?
Yes, both jurisdictions offer offshore and international banking services alongside domestic banking.

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