Home Tag "CIBC FirstCaribbean"

Firstcaribbean International Bank Reporting 28% Jump In Net Income For The Quarter Ended July 31, 2019

Barbados based FirstCaribbean International Bank Limited is reporting for the quarter ended July 31, 2019, net income of US$48.6 million, an increase of US$10.6million or 28% from the third quarter’s net income of US$38.0 million in 2018. On an adjusted basis, net income was US$45.9 million after adjusting for US$2.7 million in items relating to […]

Significant Capital Investment In Training Equipment And Physical Capacity Positions Icreate For Growth In Revenue And Profitability As Company Reports Increased Comprehensive Loss For 2019.

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. […]

Brian Wynter, Former Bank of Jamaica Governor, Joins Seprod Group Board of Directors

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 […]

Significant Capital Investment In Training Equipment And Physical Capacity Positions Icreate For Growth In Revenue And Profitability As Company Reports Increased Comprehensive Loss For 2019.