Republic Bank (Anguilla) Limited

Anna Mileiko Created by Anna Mileiko

Republic Bank (Anguilla) Limited Logo

Address

Fairplay Commercial Complex, The Valley, Anguilla

BIC

NOSCAIAI

Overview

Category

Domestic banks

Business Focus

universal banking

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.

Performance

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.

Services

retail banking
SME banking
business banking
corporate banking

Products

current accounts
savings accounts
time deposit accounts
credit cards
personal loans
car loans
mortgage loans

Card Providers

MasterCard

See Also

Financials

Total Assets of Republic Bank (Anguilla) Limited
Net_income of Republic Bank (Anguilla) Limited
Total Assets (2023)
587.55 mln XCD   (+0.41%)
Net Income (2023)
9.22 mln XCD   (+4.75%)

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.

Deposit Guarantee

Guarantee Fund
none
Protected Amount
0 XCD
Eligible Depositors
none
Covered Accounts
none

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.

See Also

Contacts

addressFairplay Commercial Complex, The Valley, Anguilla
po box250
phone(264) 497-3333
fax(264) 497-3344

See Also

Bank Identifiers

BIC (SWIFT)
NOSCAIAI

Bank Supervision

Supervised By
Anguilla Financial Services Commission

Republic Bank (Anguilla) Limited is authorized and supervised by the Anguilla Financial Services Commission.

Bank History

Previous Name
Scotiabank Anguilla Limited

Business Summary

Services
retail banking
SME banking
business banking
corporate banking
Products
current accounts
savings accounts
time deposit accounts
credit cards
personal loans
car loans
mortgage loans
Card Providers
MasterCardMasterCard

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.

Balance Sheet

Total Assets (2023)
587.55 mln XCD   (+0.41%)
Total Equity (2023)
48.68 mln XCD   (+23.35%)

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.

Total Assets of Republic Bank (Anguilla) Limited.

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).

Income Statement

Net Income (2023)
9.22 mln XCD   (+4.75%)

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.

Net Income of Republic Bank (Anguilla) Limited.

Chart 2. Net Income of Republic Bank (Anguilla) Limited.

Market Share and Rank (among banks in Anguilla)

Total Assets (2023)
2nd

In 2023 Republic Bank (Anguilla) Limited was ranked the 2nd largest bank in Anguilla in terms of total assets.

TheBanks.eu identified several banks banks having the market shares and ranks closest to Republic Bank (Anguilla) Limited listed below.

RankNameMarket %Total Assets
1 National Commercial Bank of Anguilla Limited1,210.90 mln XCD   (+20.24%)
2 Republic Bank (Anguilla) Limited587.55 mln XCD   (+0.41%)

Identifiers of Republic Bank (Anguilla) Limited

Discover key identifiers of Republic Bank (Anguilla) Limited including its BIC.

BIC (Business Identifier Code)

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.

KeyValue
BIC NOSCAIAI
Bank BIC Code NOSC
Country Code AI (Anguilla)
Location Code AI
Branch Code -

Banks Similar to Republic Bank (Anguilla) Limited

TheBanks.eu identified several banks similar to Republic Bank (Anguilla) Limited based on various criteria, including:

  • country of incorporation
  • bank category
  • business focus

Bank Category
Offshore banks
Business Focus
offshore banking

Bank Category
Domestic banks
Business Focus
universal banking

Bank Category
Offshore banks
Business Focus
offshore banking

Bank Category
Offshore banks
Business Focus
offshore banking

Bank Category
Domestic banks
Business Focus
universal banking

Bank Category
Domestic banks
Business Focus
universal banking

Flag of Anguilla

Anguilla Banking Insights and Helpful Posts

TheBanks.eu Values Your Privacy

We use cookies to provide you with an excellent user experience. By clicking “Accept All”, you consent to our use of cookies.

Customize Cookies

We use cookies to ensure an excellent user experience and provide personalized information. Below you will find a detailed description of all the types of cookies we use.

Necessary Cookies

Required for essential site functions, such as secure system log-in or setting your preference parameters. Necessary cookies do not store any personal data.

Analytical Cookies

Required for site usage statistics, allow the analysis of indicators such as the number of visits, traffic sources, etc.

Advertising Cookies

Required to provide personalized advertising based on visited pages and analyze ad campaign efficiency.