Finance
List of Commercial banks in Belize
The banking sector in Belize is an essential pillar of the country’s financial system, encompassing a range of institutions including commercial banks, development banks, and credit unions. This sector plays a pivotal role in facilitating financial transactions, providing credit, and managing investments. Major private institutions, such as Belize Bank Limited, Atlantic Bank Limited, and Scotiabank Belize Ltd., lead the market under the regulatory oversight of the Central Bank of Belize, ensuring monetary stability and consumer protection.
Key Contributions of the Banking Sector to Belize’s Economic Growth
The banking sector in Belize supports economic growth by providing essential services such as deposit-taking, lending, and investment management, which are critical for individual financial needs and broader economic development. Banks facilitate personal and business loans, promoting entrepreneurship and investments in sectors like infrastructure and real estate, while mobilizing savings for productive uses within the economy. The sector has also embraced digital banking advancements, improving access and efficiency through online and mobile platforms, thereby enhancing customer convenience and expanding financial inclusion. Additionally, banks support international trade by offering foreign exchange services and facilitating cross-border transactions, contributing to Belize’s global economic integration. By adhering to regulatory standards set by the Central Bank of Belize, the sector ensures sound financial practices and consumer protection, playing a crucial role in fostering economic resilience and supporting sustainable development in the country.
| Bank Name | Headquarters | Bank Sector | Bank Revenue(BZD) | Bank Revenue (USD) | Contact Details |
| Belize Bank Limited | Belize City | Private | 46.9 million | 23.38 million | Tel: +501 223 5291 |
| Atlantic Bank Limited | Belize City | Private | 30 million | 14.95 million | Tel: +501 223 6111 |
| First Caribbean International Bank (FCIB) | Belize City | Private | 2.46billion | 1.226 billion | Tel: +501 223 6180 |
| Scotiabank Belize Ltd. | Belize City | Private | 1.8 billion | 0.897 billion | Tel: +501 223 2113 |
| Heritage Bank Limited | Belize City | Private | 6.2 million | 3.092 million | Tel: +501 223 6118 |
| Development Finance Corporation (DFC) | Belize City | Public | 1.161 trillion | 0.578 trillion | Tel: +501 223 4700 |
Conclusion
Despite facing challenges such as economic fluctuations and regulatory changes, Belize’s banking sector remains integral to the nation’s financial health. Through its diverse range of services and modernization efforts, it continues to support economic stability and growth, playing a critical role in the country’s financial landscape.
