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National Bank of the Virgin Islands Limited was established in 1974 by the Government of the British Virgin Islands to facilitate providing loans to local farmers and fishermen. National Bank of the Virgin Islands operates as a full-service commercial bank, providing retail and business banking products and services to domestic customers.
branch
online banking
In 2021 total assets of National Bank of the Virgin Islands Limited were 278.18 mln USD. In 2021 the bank's net income was 955,489.00 USD.
Although there is no deposit guarantee scheme in the British Virgin Islands, the Government of the British Virgin Islands acknowledged the need to offer some level of security to depositors. In May 2016, the Virgin Islands Deposit Insurance Act 2016 (VIDIC Act) providing necessary framework was published. The implementation of the deposit insurance system is designed to protect at least savings of domestic depositors in the Territory. Nevertheless, in the event of National Bank of the Virgin Islands Limited failure its depositors will not receive any compensation or coverage.
Wickhams Cay 1, Road Town, Tortola, British Virgin Islands
275
1-284-494-3737
1-284-494-3119National Bank of the Virgin Islands Limited is located in Tortola.
National Bank of the Virgin Islands Limited is authorized and supervised by the Financial Services Commission.
In 2021 total assets of National Bank of the Virgin Islands Limited were 278.18 mln USD. Decline compared to the previous period (2020) was -1.47%. The evolution of the total assets of National Bank of the Virgin Islands Limited is shown at Chart 1 below.
Chart 1. Total Assets of National Bank of the Virgin Islands Limited.
Recent changes in total assets of National Bank of the Virgin Islands Limited and its main components are shown in Table 1.
| 2020 | 2021 | change (%) | |
|---|---|---|---|
| Loans to banks | 0.1 | 0.1 | +0.46% |
| Loans to customers | 214.7 | 229.7 | +6.99% |
| Total Assets | 282.3 | 278.2 | -1.47% |
Table 1. Recent changes in total assets of National Bank of the Virgin Islands Limited (mln USD).
Recent changes in total liabilities of National Bank of the Virgin Islands Limited and its main components are shown in Table 2.
| 2020 | 2021 | change (%) | |
|---|---|---|---|
| Deposits | 232.0 | 227.3 | -2.03% |
| Total Liabilities | 282.3 | 278.2 | -1.47% |
Table 2. Recent changes in total liabilities of National Bank of the Virgin Islands Limited (mln USD).
In 2021 net income of National Bank of the Virgin Islands Limited was 955,489.00 USD. Decline compared to the previous period (2020) was -262.47%. The evolution of the net income of National Bank of the Virgin Islands Limited is shown at Chart 2 below.
Chart 2. Net Income of National Bank of the Virgin Islands Limited.
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