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Trading

List of Commercial Banks in Bermuda

Published by Gbaf News

Posted on April 19, 2013

1 min read

· Last updated: June 11, 2018

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1 Bank of Bermuda
2 BERMUDA COMMERCIAL Bank LIMITED
3 Bermuda Monetary Authority
4 Butterfield Bank
5 Independent Financial Services
6 Just Mutual (Funds) Bermuda Limited
7 Lombard Odier Darier Hentsch Trust (Bermuda) Ltd
8 Schroder International Trust Company Limited
9 The Bank of N. T. Butterfield & Son Limited

Key Takeaways

  • Bermuda hosts a small number of licensed commercial banks providing retail, corporate, wealth and international banking services.
  • Butterfield is the largest bank by assets, followed by HSBC, Clarien, and Bermuda Commercial Bank.
  • The Bermuda Monetary Authority regulates all banking entities but is not a central bank.
  • Banks support multi-currency accounts, digital banking, and trustee services tailored to offshore clients.

References

Frequently Asked Questions

Which bank is the largest in Bermuda?
The Bank of N T Butterfield & Son Limited is the largest by assets, commanding over 50 % market share as of 2025.
Who regulates banks in Bermuda?
The Bermuda Monetary Authority supervises and licenses all financial institutions, including commercial banks.
Do these banks offer online and multi‑currency banking?
Yes—banks like Butterfield and Bermuda Commercial Bank offer digital banking platforms and support multiple currencies including BMD and USD.

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