Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Rankings & dataAugust 1 2016

Top 50 Caricom Banks ranking 2016: growth plateaus while profits rise in the Caribbean

Caribbean lenders still face challenges to growth, as shown in The Banker's Top 50 Caricom Banks ranking for 2016, but many have turned the corner in terms of profits. 
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

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%.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial