Barbados was FirstCaribbean International Bank’s (FCIB) main revenue earner this year and the company has most of its assets here.
FCIB, which has its headquarters in Barbados, reported this in its annual report for the year ended October 31, 2021, a period when it turned 2020’s $314.7 million loss into this year’s $251.4 million profit.
Based on geographical concentration, in 2021 most of the regional bank’s assets and revenues were in Barbados.
Its total revenues this year were $1.06 billion and of this $411.6 million was generated in Barbados followed by $325.8 million in the Bahamas, and $172.7 million in the Cayman Islands. (SC)
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