The Bahamas hosts a diverse and robust banking sector, comprising both local and international institutions that cater to a wide range of financial needs, from personal banking to offshore services. Below is an overview of the major banks operating in the country:
Major Commercial Banks in The Bahamas
Local Banks
- Commonwealth Bank Ltd. – A leading Bahamian-owned bank offering retail and personal banking services.
- Bank of The Bahamas Ltd. – A government-backed institution providing a variety of financial products.
- Fidelity Bank (Bahamas) Ltd. – Specializes in personal banking, mortgages, and consumer loans.
- Finance Corporation of The Bahamas (FINCO) – Focuses on mortgage lending and personal banking services.
International Banks
- FirstCaribbean International Bank (Bahamas) Ltd. – A subsidiary of CIBC, offering comprehensive banking services.
- Royal Bank of Canada (RBC) – Provides a full range of banking solutions, including wealth management.
- Scotiabank (Bahamas) Ltd. – Offers retail, commercial, and corporate banking services.
- Citibank N.A. – The only U.S.-owned commercial bank operating in The Bahamas, focusing on corporate clients.
Central Bank
- Central Bank of The Bahamas – Established in 1974, it regulates the country’s monetary policy and oversees the financial sector.
Private and Offshore Banks
The Bahamas is renowned for its offshore banking services, attracting clients seeking wealth management and investment opportunities. Notable institutions include
- Deltec Bank & Trust – Offers bespoke financial solutions, including wealth management and investment advisory services.
- Lombard Odier & Cie (Bahamas) Limited – Provides personalized wealth management and fiduciary services.
- Pictet Bank & Trust Ltd. – Specializes in private banking and asset management.
- Credit Suisse AG, Nassau Branch – Offers a range of financial services, including private banking.
