Clarien Bank Limited (formerly CAPITAL G BANK LIMITED)

On 22 April, 2014, Capital G Bank Limited and its wholly owned subsidiaries were rebranded, with Capital G Bank Limited changing its name to Clarien Bank Limited ("CBL"). Clarien has more than eight decades of banking history in Bermuda. Today Clarien is one of Bermuda’s largest independent integrated financial services organisation. Clarien is a universal bank, offering products and services in retail and corporate banking, private banking, asset and wealth management, investment banking.

Services

Retail and Corporate Banking
Private Banking
Asset and Wealth Management
Investment Banking

Financials

Total Assets (2016)
1 164.45 mln BMD  (+2.45%)
Net Income (2016)
-572 000.00 BMD

Clarien Bank Limited is the 3rd largest bank in Bermuda in terms of total assets. In 2016 its total assets were 1 164,45 mln BMD, providing the bank with the market share of 5.14%. In 2016 the bank's net income was -572 000,00 BMD.

Clarien Bank Limited participates in deposit guarantee scheme of Bermuda. This scheme covers accounts up to 25 000 USD per bank per depositor.

Contacts

21 Reid Street, HM 11, Hamilton, Bermuda
(441) 296-6969
(441) 292-1277

Clarien Bank Limited is located in Hamilton.

Bank Identifiers

BIC (SWIFT)
CAGPBMHM
Company Number
3907
Start Date
15 January 1975

Business Summary

Services
retail and corporate banking
private banking
asset and wealth management
investment banking

Clarien Bank Limited provides products and services in the areas of retail and corporate banking, private banking, asset and wealth management, investment banking.

Financial Positions

Total Assets (2016)
1 164.45 mln BMD  (+2.45%)
Total Equity (2016)
106.78 mln BMD  (+11.78%)

In 2016 total assets of Clarien Bank Limited were 1 164.45 mln BMD. Growth compared to the previous period (2015) was 2.45%. The evolution of the total assets of Clarien Bank Limited is shown at Chart 1 below.

Total Assets of Clarien Bank Limited.

Chart 1. Total Assets of Clarien Bank Limited.

Recent changes in total assets of Clarien Bank Limited and its main components are shown in Table 1.

2015 2016 % change
Cash and deposits with Central Banks 94.3 192.3 +103.79%
Investment securities 174.8 161.6 -7.51%
Loans and advances 809.7 756.4 -6.59%
Total Assets 1 136.6 1 164.5 +2.45%
Table 1. Recent changes in total assets of Clarien Bank Limited (mln BMD).

Recent changes in total liabilities of Clarien Bank Limited and its main components are shown in Table 2.

2015 2016 % change
Deposits 1 038.5 1 053.7 +1.47%
Total Liabilities 1 136.6 1 164.5 +2.45%
Table 2. Recent changes in total liabilities of Clarien Bank Limited (mln BMD).

Profit and Loss

Operating Income (2016)
45.89 mln BMD  (-3.57%)
Net Income (2016)
-572 000.00 BMD

Recent changes in gross profit of Clarien Bank Limited and its main components are shown in Table 3.

2015 2016 % change
Interest Income 55.8 53.8 -3.56%
Interest Charges -10.8 -10.8 +0.38%
Net Interest Income 45.0 43.0 -4.50%
Commission Income 13.6 13.7 +0.87%
Commission Charges -3.1 -3.4 +10.83%
Net Commission Income 10.6 10.3 -2.02%
Table 3. Recent changes in gross profit of Clarien Bank Limited (mln BMD).

In 2016 net income of Clarien Bank Limited was -572 000.00 BMD. Decline compared to the previous period (2015) was -414.29%. The evolution of the net income of Clarien Bank Limited is shown at Chart 2 below.

Net Income of Clarien Bank Limited.

Chart 2. Net Income of Clarien Bank Limited.

Market Share and Rank (among banks in Bermuda)

Total Assets (2016)
3rd (market share 5.14%)

In 2016 Clarien Bank Limited was ranked the 3rd largest bank in Bermuda in terms of total assets, having 5.14% of the domestic market share.

Market share of Clarien Bank Limited (among banks in Bermuda)

Chart 3. Market share of Clarien Bank Limited (among banks in Bermuda)

Several banks having the market shares and ranks closest to Clarien Bank Limited are shown below.

RankNameTotal AssetsMarket Share
2HSBC Bank Bermuda Limited9757.32 mln USD43.03%
3Clarien Bank Limited1164.45 mln BMD5.14%
4Bermuda Commercial Bank Limited649.00 mln USD2.86%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 25 000 USD per depositor)

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 Bermudian deposit guarantee scheme.

In the case of Clarien Bank 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

BIC

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 Clarien Bank Limited and its components are shown in the table below.

BIC  CAGPBMHM
Bank BIC Code  CAGP
Country Code  BM (Bermuda)
Location Code  HM
Branch Code  -

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  3907