Cayman Islands
Published: 02 September, 2004
Conor O'Dea
Bank of Butterfield international (cayman)
Bank of Butterfield International (Cayman) continued to grow its market share through investing in technology to enhance its high level of service to customers, improve efficiency and take advantage of new business opportunities.
Two strategic goals achieved during the year were a 25% investment in a growing and diversified property insurance firm and the bank’s successful participation as adviser in the Cayman Islands government’s first bond offering.
“We continued to use technology to improve efficiency and service, reflected in the fact that over 38% of banking transactions are now handled electronically,” says the bank’s managing director, Conor O’Dea. “Additionally, we invested in employee development by opening a new learning facility.
“This award pays tribute to the dedication and teamwork of Butterfield Bank employees in the Cayman Islands, who accomplished important strategic and financial goals over the last year. Our net income of $23.5m and total assets of $2bn increased significantly from the previous year, and our return on equity rose to 19.2%.”
Butterfield provides a comprehensive range of services to the local and international markets, offering community and commercial banking services to private and corporate customers and wealth management and fiduciary services and investment and pension fund administration services.
