On August 12, 2013 the Easlern Caribbean Cenlral Bank assumed the control of 2 largest banks which operate in Anguilla: Caribbean Commercial Bank (Anguilla) Limited and National Bank of Anguilla Limited.
The amount of non-performing loans of these banks escalaled to the levels beyond the guidelines set by the Central Bank and this in turn resulted in the banks not meeting the capilal requirements. The objective of this action were
There is no deposit guarantee scheme in Anguilla: in the case of National Bank of Anguilla Limited failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in Anguilla.
In the case of National Bank of Anguilla Limited failure its depositors will not be paid out any compensation.
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.
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).
BIC of National Bank of Anguilla Limited and its components are shown in the table below.
|Bank BIC Code||ANGU|
|Country Code||AI (Anguilla)|
National Bank of Anguilla Limited operated under the brand name National Bank of Anquilla. This banking brand has presence in the following European countries and selected dependent territories of the European countries: