FirstCaribbean wins Best Bank Award for fifth straight year

BRIDGETOWN, Barbados, April 24, 2008 – FirstCaribbean International Bank has won the Best Bank award from Global Finance Magazine for the fifth consecutive year.

The financial institution scooped the ‘Best Bank in Barbados’ for 2008, as  Global Finance editors, in conjunction with industry analysts, corporate executives and banking consultants, selected the best emerging market banks across the globe.

Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

Publisher and President of Global Finance Joseph Giarraputo pointed out that emerging markets, like Barbados, are attracting increased attention as the global economy expands. 

“We have identified the banks that provide service to corporations seeking to take advantage of substantial opportunities for growth in a sometimes challenging environment,” he explained.

FirstCaribbean’s Managing Director, Barbados, Oliver Jordan, said the award is indeed significant cause for celebration. 

“This award is excellent testimony to the cadre of talent that resides in our Bank. Over the past few years our efforts at re-engineering and re-energising the Barbados business have been steadfast and our strategic vision and the dedication of our staff during this transformation process has reaped tremendous dividends.  I am proud of their efforts and this makes this five-time award extra special,” he said.

His comments were endorsed by Chief Executive Officer, Charles Pink who observed that despite the global economic climate, FirstCaribbean continues to weather the storm and maintain its reputation as trendsetter.