On 10 September 2019, the Eastern Caribbean Central Bank (“ECCB”) approved the acquisition of Scotiabank Anguilla Limited by Republic Financial Holdings Limited (Trinidad and Tobago). Scotiabank Anguilla Limited changed its name to Republic Bank (Anguilla) Limited. Republic Bank (Anguilla) Limited is focused on providing retail, SME and business banking products and services to domestic customers.
In 2023, Republic Bank (Anguilla) Limited achieved the position of 2nd largest bank in Anguilla; its total assets grew by 0.41%.
Additionally, the bank became the 2nd profitable bank in relation to its total assets showcasing 1.57% return on assets and 20.91% return on equity in 2023.
Republic Bank (Anguilla) Limited is the 2nd largest bank in Anguilla in terms of total assets. In 2023 its total assets were 587,55 mln XCD. In 2023 the bank's net income was 9,22 mln XCD.
There is no deposit guarantee scheme in place for Republic Bank (Anguilla) Limited. It means that in the event of Republic Bank (Anguilla) Limited failure its depositors will not receive any compensation or coverage.
Republic Bank (Anguilla) Limited is authorized and supervised by the Anguilla Financial Services Commission.