Banks across the Caribbean have bounced back from a tough environment in 2020, which saw the regional economy contract by 12.8%, to register robust growth in 2021 across Tier 1 capital, assets and pre-tax profits.
Of the 10 countries represented in The Banker’s Top 30 Caribbean Banks 2022 ranking, only one — the Bahamas — saw its aggregate profits fall over the course of 2021, although this was by just 0.58%. Collectively, the cohort registered an impressive 129.3% surge in profits.
