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.
Republic Bank (Anguilla) Limited provides products and services in the areas of retail banking, SME banking, business banking, corporate banking. Republic Bank (Anguilla) Limited offers a range of products including current accounts, savings accounts, time deposit accounts, credit cards, personal loans, car loans, mortgage loans.
In 2023 total assets of Republic Bank (Anguilla) Limited were 587.55 mln XCD. Growth compared to the previous period (2022) was 0.41%. The evolution of the total assets of Republic Bank (Anguilla) Limited is shown at Chart 1 below.
Chart 1. Total Assets of Republic Bank (Anguilla) Limited.
Recent changes in total assets of Republic Bank (Anguilla) Limited and its main components are shown in Table 1.
2022 | 2023 | change (%) | |
---|---|---|---|
Loans to banks | 154.6 | 199.7 | +29.20% |
Total Assets | 585.2 | 587.6 | +0.41% |
Table 1. Recent changes in total assets of Republic Bank (Anguilla) Limited (mln XCD).
Recent changes in total liabilities of Republic Bank (Anguilla) Limited and its main components are shown in Table 2.
2022 | 2023 | change (%) | |
---|---|---|---|
Bank deposits | 87.9 | 39.9 | -54.60% |
Customer deposits | 451.1 | 491.2 | +8.89% |
Total Liabilities | 585.2 | 587.6 | +0.41% |
Table 2. Recent changes in total liabilities of Republic Bank (Anguilla) Limited (mln XCD).
In 2023 net income of Republic Bank (Anguilla) Limited was 9.22 mln XCD. Growth compared to the previous period (2022) was 4.75%. The evolution of the net income of Republic Bank (Anguilla) Limited is shown at Chart 2 below.
Chart 2. Net Income of Republic Bank (Anguilla) Limited.
Discover key identifiers of Republic Bank (Anguilla) Limited including its BIC.
BIC: NOSCAIAI
The BIC (also known as SWIFT code) for Republic Bank (Anguilla) Limited is NOSCAIAI. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
Key | Value |
---|---|
BIC | NOSCAIAI |
Bank BIC Code | NOSC |
Country Code | AI (Anguilla) |
Location Code | AI |
Branch Code | - |
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