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NCB Merchant Bank, First Caribbean Bank secure US$75m loan

NCB Merchant Bank, First Caribbean Bank secure US$75m loan
newsday.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.co.tt Daily Mail and Mail on Sunday newspapers.

Alleged bank robber says he is innocent of indictable charge

Alleged bank robber says he is innocent of indictable charge Article by June 26, 2021 Another man has been charged in connection with last month’s robbery at the Wildey branch of CIBC First Caribbean International Bank. Teriq Kaareem Linton, of Cherry Avenue, Lower Burney, St Michael is the third person to be charged by police in connection with the incident. Unlike his co-accused, Linton was remanded to HMP Dodds following a failed application for bail before Magistrate Manila Renee. Linton, 23, a bar manager, is charged that on May 13 he robbed Patrice Springer of $13 580 belonging to the bank. He was not required to plead to the indictable charge before the No. 2 District ‘A’ Magistrates’ Court when he made his first appearance today.

FCIB puts hold on dividends despite profit

FCIB puts hold on dividends despite profit Article by June 10, 2021 The massive corporate loss incurred by the Caribbean’s largest bank in the first half of 2020, has begun reversing, but directors have decided against paying a shareholder dividend this quarter. CIBC FirstCaribbean International Bank (FCIB) recently released its half-year financials for the period ending April 30, and the picture looks much better with the bank recording a US$53.52 million (BDS $107.04 million) net profit. For the comparable six-months period last year, FCIB registered a US$58.26 million (BDS$117.52 million) loss on the regional operations. Of interest, was the fact that the bank, which is headquartered in Barbados, generated less revenue during the first half of this year (US$271.82 million) than it did for the comparable period in 2020 (US$301.05 million).

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