Banco ABC Brasil is a Brasilian credit institution controlled by Arab Banking Corporation (ABC). Banco ABC Brasil specializes in lending and corporate banking services for medium- and large-sized companies.
Banco ABC Brasil S.A. has Category B banking license number 100044 issued by the Cayman Islands Monetary Authority. This type of license allows Banco ABC Brasil S.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Banco ABC Brasil S.A. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Banco ABC Brasil S.A. failure its depositors will not be paid out any compensation.