CIBC First Caribbean International Bank (Bahamas) Ltd (formerly First Caribbean International Bank (Bahamas) Ltd)

Deposit Guarantee

Deposit Guarantee
No

Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.

Deposit Guarantee in CIBC First Caribbean International Bank (Bahamas) Ltd

There is no deposit guarantee scheme in the Turks and Caicos Islands.

In the case of CIBC First Caribbean International Bank (Bahamas) Ltd failure its depositors will not be paid out any compensation.