THE BANK OF N T BUTTERFIELD & SON LIMITED

Contacts 
    Address  HM 1, Bermuda, Hamilton, 65 Front Street
    Phone  (441) 295-1111
    Fax  (441) 292-4365
    Website  www.bm.butterfieldgroup.com

Bank Identifiers 
    BIC (SWIFT)  BNTBBMHM
Credit Ratings (as of Dec 2014) 
    Fitch  A- (high credit quality)
    Moody's  A3 (upper medium grade)
    S&P's  BBB+ (adequate capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 25 000 USD per depositor)
European Presence  4 banks in 4 countries

THE BANK OF N T BUTTERFIELD & SON LIMITED is located at Bermuda, Hamilton. It is one of 4 credit institutions operating in Bermuda.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) 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.

BIC  BNTBBMHM
Bank BIC Code  BNTB
Country Code  BM (Bermuda)
Location Code  HM
Branch Code  -

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).


Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, THE BANK OF N T BUTTERFIELD & SON LIMITED is rated by Fitch and Standard & Poor's.

Credit ratings assigned to THE BANK OF N T BUTTERFIELD & SON LIMITED as of December 2014 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for THE BANK OF N T BUTTERFIELD & SON LIMITED it is set to A- (high credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A-
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  bbb-
Support Rating  1
Support Rating Floor  A-

Viability rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to bbb- (good fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is A- (high credit quality).

Moody's

Long-term rating is for THE BANK OF N T BUTTERFIELD & SON LIMITED it is set to A3 (upper medium grade). Long-term bank deposit rating is A3 (upper medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.

Long-Term Rating  A3
Long-Term Bank Deposit Rating  A3
Bank Financial Strength Rating  D+
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of THE BANK OF N T BUTTERFIELD & SON LIMITED is set to stable (not likely to change).

Standard & Poor's

Long-term foreign currency rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to BBB+ (adequate capacity to meet its financial commitments). Long-term local currency rating is set to BBB+ (adequate capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  BBB+
    Outlook  negative (may be lowered)
    Credit Watch  -
Long-Term Local Currency Rating  BBB+
    Outlook  negative (may be lowered)
    Credit Watch  -
Short-Term Foreign Currency Rating  A-2
Short-Term Local Currency Rating  A-2

Short-term foreign currency rating for THE BANK OF N T BUTTERFIELD & SON LIMITED is set to A-2 (satisfactory capacity to meet its financial commitments). Short-term local currency rating is set to A-2 (satisfactory capacity to meet its financial commitments).

Deposit Guarantee

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 THE BANK OF N T BUTTERFIELD & SON 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: Deposit Guarantee Scheme in Bermuda

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Bermuda

  •  (this bank) THE BANK OF N T BUTTERFIELD & SON LIMITED (Hamilton)

Cayman Islands

Guernsey

United Kingdom

Related Information on Bermuda

Economy and Banking Sector of Bermuda

List of Banks in Bermuda

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