Home Tag "Gary Brown"

Firstcaribbean International Bank Reporting Lower Net Income 12% Below 2016 Third Quarter – Brown

Firstcaribbean International Bank Limited is reporting lower net income of US$33.4 million for the third quarter ended July 31, 2017, US$4.6 million or 12% below the third quarter’s net income of US$38.0 million a year ago. For the nine months ended July 31, 2017, the Bank also reported lower net income of US$104.3 million, down […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Delivered Another Quarter Of Strong Operating Results And Showed Profitable Growth Despite An Uncertain Economic Environment – Brown

Chief Executive Officer of Barbados Based FirstCaribbean International Bank Limited Gary Brown is reporting net income of US$37.2 million for the second quarter of the fiscal, US$2.9 million or 8% above the second quarter’s net income of US$34.3 million a year ago. Overall, the Bank delivered another quarter of strong operating results and showed profitable […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

CIBC FirstCaribbean Reporting 46% Jump In Net Income

Gary Brown Chief Executive Officer of CIBC FirstCaribbean is reporting a 46% jump in net income of US$143.3 million, up US$45.4 million for the fiscal year ended October 31, 2016 Lower loan loss impairment expense contributed significantly to this result, as the Bank benefited from increased loan recoveries and an improved loss experience he reported. […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

CIBC FirstCaribbean 2016 Financial Results Built On 2015 Recovery – Gary Brown

For the fiscal year ended October 31, 2016, CIBC FirstCaribbean reported net income of US$143.3 million, up US$45.4 million or 46%, a significant improvement in performance when compared with prior year’s net income of $97.9 million. Lower loan loss impairment expense contributed significantly to this result, as the Bank benefited from increased loan recoveries and […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17