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.
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.
Clarien Bank Limited is located in Hamilton.
|retail and corporate banking
asset and wealth management
Clarien Bank Limited provides products and services in the areas of retail and corporate banking, private banking, asset and wealth management, investment banking.
|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.
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.
|Cash and deposits with Central Banks||94.3||192.3||+103.79%|
|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.
|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).|
|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.
|Net Interest Income||45.0||43.0||-4.50%|
|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.
Chart 2. Net Income of Clarien Bank Limited.
|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|
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.
|Bank BIC Code||CAGP|
|Country Code||BM (Bermuda)|
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.