The Bank of N T Butterfield & Son Limited

 (3.7; 3 ratings)
3.7 3

Business Focus

private banking and wealth management

The Bank of Butterfield & Son is a universal community bank encompassing retail and corporate banking and treasury activities and a provider of specialised international financial services. In the wealth management area, the bank provides private banking, asset management and personal trust services. Butterfield also provides services to corporate and institutional clients which include asset management and corporate trust services.

Services

retail banking
private banking
wealth management
business banking
corporate banking
institutional banking

Clients

natural persons
high net worth individuals
companies
corporations
institutions

Area Served

BMBermuda
internationally

Products

current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
mortgage loans

Account Currencies

BMBMD (Bermudian dollar)
USUSD (US dollar)
CACAD (Canadian dollar)
GBGBP (Pound sterling)

Card Providers

MasterCard

Account Opening

Becoming a client of The Bank of N T Butterfield & Son Limited can be done in a few steps:

1.
Submit online application
2.
Visit bank branch

Due to regulatory requirements The Bank of N T Butterfield & Son Limited performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual The Bank of N T Butterfield & Son Limited will ask him/her to provide the following documents: passport; utility bill or bank statement; employment contract, tax return or investment statement. For corporate clients The Bank of N T Butterfield & Son Limited will ask to provide corporate documentation as well as information about controlling persons. The Bank of N T Butterfield & Son Limited may request additional documentation or information depending on the case. The Bank of N T Butterfield & Son Limited performs client's identity verification via branch visit.

Ways to Bank

The Bank of N T Butterfield & Son Limited delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Common Shares

Listed Entity
The Bank of N T Butterfield & Son Limited
ISIN
BMG0772R2087
Stock Exchange
Bermuda Stock ExchangeBermuda Stock Exchange (XBDA)
Ticker
NTB.BH

See Also

Financials

Total Assets of The Bank of N T Butterfield & Son Limited
Net_income of The Bank of N T Butterfield & Son Limited
Market Share of The Bank of N T Butterfield & Son Limited
Total Assets (2019)
13,921.60 mln USD  (+29.22%)
Net Income (2019)
177.10 mln USD  (-9.27%)

The Bank of N T Butterfield & Son Limited is the 1st largest bank in Bermuda in terms of total assets. In 2019 its total assets were 13 921,60 mln USD, providing the bank with the market share of 58.11%. In 2019 the bank's net income was 177,10 mln USD.

Credit Ratings

Fitch: BBB
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: A2
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

The Bank of N T Butterfield & Son Limited is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).

Deposit Guarantee

Guarantee Fund
Bermuda Deposit Insurance Corporation (BDIC)Bermuda Deposit Insurance Corporation (BDIC)
Protected Amount
up to 25,000 USD
Eligible Depositors
individuals
SMEs and charities registered in Bermuda
Covered Accounts
current and deposit accounts in BMD (Bermudian dollar)

The Bank of N T Butterfield & Son Limited participates in the deposit guarantee scheme of Bermuda. This deposit guarantee scheme applies to current and deposit accounts in BMD (Bermudian dollar) made by individuals, SMEs and charities registered in Bermuda and covers up to up to 25,000 USD per bank per depositor. The Bank of N T Butterfield & Son Limited is a member of Bermuda Deposit Insurance Corporation (BDIC) and makes its contributions into it.

Contacts

65 Front Street, HM 1, Hamilton, Bermuda
(441) 295-1111
(441) 292-4365

The Bank of N T Butterfield & Son Limited is located in Hamilton.

Social Networks

The Bank of N T Butterfield & Son Limited has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
BNTBBMHM
LEI
549300V8RVM0EMTDPF28
Company Number
2106

Bank Supervision

Supervised By
Bermuda Monetary Authority
Reference Number
2106

The Bank of N T Butterfield & Son Limited is authorized and supervised by the Bermuda Monetary Authority (reference number 2106).

Bank History

Start Date
22 October 1904

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