Financial sector of Anguilla is focused on providing the following financial services:
Banks in Anguilla are mainly focused on the following areas:
Financial Services Commission
Currently there are 5 credit institutions operating in Anguilla.
All the credit institutions operating in Anguilla can be classified into several categories. Table 1 summarises the number of banks in each category.
|Category||Number of Banks|
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.
From a depositor's point of view it is important to know:
There is no deposit guarantee scheme in Anguilla.