In 2011, Cohab/Aboulafia Group (a Brasilian textile manufacturing group) announced the acquisition 100% of shares of Sul America International Bank (Cayman), founded in 1994, and renamed it Cainvest International Bank. Cainvest Bank offers a private banking platform, providing banking and investment products and services to high net worth individuals and institutional clients.
Cainvest International Bank Ltd. has Category B banking license number 93001 issued by the Cayman Islands Monetary Authority. This type of license allows Cainvest International Bank Ltd. 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 Cainvest International Bank Ltd. 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 Cainvest International Bank Ltd. failure its depositors will not be paid out any compensation.
Cainvest International Bank Ltd. operated under the brand name Cainvest Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries: