Finance
List of Commercial banks in Antigua and Barbuda
Antigua and Barbuda, a twin-island nation in the Caribbean, has a relatively well-developed banking sector that plays a key role in supporting the country’s economy. Known for its tourism-driven economy, Antigua and Barbuda also rely on financial services, including banking, to attract foreign investment and facilitate economic growth.
overview of Antigua and Barbuda banking sector
The banking sector in Antigua and Barbuda consists of both domestic and international banks. Domestic banks primarily serve local businesses and individuals, offering a range of services such as savings, loans, and investment products. International banks, attracted by the country’s favorable tax regime, provide offshore banking services to foreign clients. The Eastern Caribbean Central Bank (ECCB) regulates the banking sector, ensuring financial stability and adherence to regional standards.
Despite its small size, Antigua and Barbuda has a diverse banking landscape, with a mixture of state-owned, private, and international institutions. However, the sector faces challenges such as global regulatory pressures, which have led to increased scrutiny and the loss of correspondent banking relationships with international institutions.
| Bank Name | Headquarters | Bank Sector | Bank Revenue(XCD) | Bank Revenue(USD) | Contact Details |
| Antigua Commercial Bank (ACB) | St. John’s | Public | 2 billion | 0.74 billion | Tel: +1 268-481-4200 |
| Eastern Caribbean Amalgamated Bank (ECAB) | St. John’s | Public | 80.2 million, | 29.69 billion | Tel: +1 268-480-5300 |
| Global Bank of Commerce | St. John’s | Private | 40.624 billion | 15.03 billion | Tel: +1 268-480-2240 |
| Royal Bank of Canada (RBC) | St. John’s | Private | 87.479 billion | 32.38 billion | Tel: +1 268-480-2000 |
| Scotiabank (Antigua) | St. John’s | Private | 32.31 billion | 11.96 billion | Tel: +1 268-480-1500 |
Conclusion:
Antigua and Barbuda’s banking sector is a vital part of the economy, supporting both local and international financial activities. While it continues to play a key role in economic development, the sector must adapt to evolving global regulatory environments to ensure long-term stability and growth.
