THE BANK OF N T BUTTERFIELD & SON LIMITED

Registration Name  THE BANK OF N T BUTTERFIELD & SON LIMITED
Location  Bermuda, Hamilton

Bank Identifiers 
    BIC (SWIFT)  BNTBBMHM
Credit Ratings (July 2014) 
    Fitch  - (not rated)
    Moody's  A3 (upper medium grade)
    S&P's  BBB+ (adequate capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 25 000 USD per depositor)
Website  www.bm.butterfieldgroup.com
European Presence  4 banks in 4 countries

THE BANK OF N T BUTTERFIELD & SON LIMITED is located at Bermuda, Hamilton. It is one of 4 credit institutions operating in Bermuda.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  BNTBBMHM
Bank BIC Code  BNTB
Country Code  BM (Bermuda)
Location Code  HM
Branch Code  -

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, THE BANK OF N T BUTTERFIELD & SON LIMITED is rated by Moody's and Standard & Poor's.

Credit ratings assigned to THE BANK OF N T BUTTERFIELD & SON LIMITED as of July 2014 are shown in details in the following sections.

Moody's

Long-term rating is for THE BANK OF N T BUTTERFIELD & SON LIMITED it is set to A3 (upper medium grade). Long-term bank deposit rating is A3 (upper medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.

Long-Term Rating  A3
Long-Term Bank Deposit Rating  A3
Bank Financial Strength Rating  D+
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of THE BANK OF N T BUTTERFIELD & SON LIMITED is set to stable (not likely to change).

Standard & Poor's

Long-term foreign currency rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to BBB+ (adequate capacity to meet its financial commitments). Long-term local currency rating is set to BBB+ (adequate capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  BBB+
Long-Term Local Currency Rating  BBB+
Short-Term Foreign Currency Rating  A-2
Short-Term Local Currency Rating  A-2

Short-term foreign currency rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to A-2 (satisfactory capacity to meet its financial commitments). Short-term local currency rating is set to A-2 (satisfactory capacity to meet its financial commitments).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Bermuda are obliged to participate in deposit guarantee scheme.

In the case of THE BANK OF N T BUTTERFIELD & SON LIMITED failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, small businesses
Maximum Protected Amount  25 000 USD
Paid In Currency  USD

Further Information: Deposit Guarantee Scheme in Bermuda

Contact Information


Primary Address  HM 1, Hamilton, 65 Front Street
Phone  (441) 295-1111
Fax  (441) 292-4365
Website  www.bm.butterfieldgroup.com

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Bermuda

  •  (this bank) THE BANK OF N T BUTTERFIELD & SON LIMITED (Hamilton)

Cayman Islands

Guernsey

United Kingdom

Related Information on Bermuda

Economy and Banking Sector of Bermuda

List of Banks in Bermuda