There was little change in 2016’s Caribbean Community (Caricom) ranking from The Banker. Economic growth in the region for 2015 slowed to just 1%, from 1.3% in 2014. This was reflected in tepid growth in Tier 1 capital and assets in the ranking, which grew by just 0.15% and 6.44%, respectively.
Growth was especially sluggish in the largest countries in the region. Trinidad and Tobago, home to Caricom’s largest banks and almost 32% of the total assets in the ranking, saw its aggregate Tier 1 capital fall slightly to 1.34%, while total assets crept up by 5.09%.