List of Bahamas Banks and Trust Companies
A guide to Bahamas banks, bank accounts and banking services in the Bahamas.
(as of June 30th 2008)
There were a total of 117 banks under the supervision of the Banking Supervision Department at the end of June 2008. The fundamentals of the banking sector remain sound and the industry in general has been relatively resilient in a very challenging market environment.
AUTHORISED AGENTS AND DEALERS
| LICENSEE |
RESIDENCY |
BANK/TRUST |
| Royal Bank of Canada |
Resident |
Bank |
AUTHORIZED AGENTS
| LICENSEE |
RESIDENCY |
BANK/TRUST |
| Ansbacher (Bahamas) Ltd. |
Resident |
Bank & Trust |
| Bank of Nova Scotia Trust Co. (Bahamas) Ltd., The |
Resident |
Bank & Trust |
| Bank of The Bahamas Trust Ltd. [RESTRICTED] |
Resident |
Nominee Trust |
| Butterfield Bank (Bahamas) Ltd. |
Resident |
Bank & Trust |
| CIBC Trust Co. (Bahamas) Ltd. |
Resident |
Bank & Trust |
| Cititrust (Bahamas) Ltd. |
Resident |
Bank & Trust |
| Fidelity Merchant Bank & Trust Ltd. |
Resident |
Bank & Trust |
| J.P. Morgan Trust Co. (Bahamas) Ltd. |
Resident |
Bank & Trust |
| Latin American Investment Bank Bahamas Ltd. |
Resident |
Bank |
| Lloyds TSB Bank & Trust (Bahamas) Ltd. [NONACTIVE] |
Resident |
Bank & Trust |
| Pictet Overseas Trust Corp. Ltd. |
Resident |
Trust |
| Royal Bank of Canada Trust Co. (Bahamas) Ltd. |
Resident |
Bank & Trust |
| Sentinel Bank & Trust Ltd. |
Resident |
Bank & Trust |
| SG Hambros Bank & Trust (Bahamas) Ltd. [Res. Br.] |
Resident |
Bank & Trust |
| UBS Trustees (Bahamas) Ltd. |
Resident |
Trust |
AUTHORIZED DEALERS
| LICENSEE |
RESIDENCY |
BANK/TRUST |
| Bank of The Bahamas Ltd. |
Resident |
Bank & Trust |
| Citibank, N.A. |
Resident |
Bank |
| Commonwealth Bank Ltd. |
Resident |
Bank |
| Fidelity Bank (Bahamas) Ltd. |
Resident |
Bank |
| Finance Corp. of Bahamas Ltd. |
Resident |
Bank & Trust |
| FirstCaribbean Int'l Bank (Bahamas) Ltd. |
Resident |
Bank & Trust |
| Scotiabank (Bahamas) Ltd. |
Resident |
Bank |
OTHER PUBLIC LICENSEES (Non-residents)
Andbanc (Bahamas) Ltd. Non-Resident Bank & Trust
Arner Bank & Trust (Bahamas) Ltd.
ATC Trustees (Bahamas) Ltd.
Austrobank (Overseas) Ltd.
BAC Bahamas Bank Ltd.
Bamont Trust Co. Ltd.
Banca del Gottardo
Banca del Sempione (Overseas) Ltd.
Banca Serfin, S.A.
Banco Atlantico (Bahamas) Bank & Trust Ltd.
Banco BBM S/A
Banco Bradesco S.A.
Banco de Bogota (Nassau) Ltd.
Banco del Istmo (Bahamas) Ltd.
Banco Espirito Santo, S.A.
Banco Itaú BBA S.A.
Banco Nacional de Mexico S.A.
Banco Santander Bahamas Int'l Ltd.
Banco Votorantim S.A.
Banif Int'l Bank Ltd.
Bank of Baroda
Bank of Hawaii
Bank of Nova Scotia Int'l Ltd.
Bank of Nova Scotia, The
Bank of Tokyo-Mitsubishi UFJ Trust Co., The
BankBoston Banco Multiplo S.A.
Banque Privee Edmond de Rothschild Ltd.
Banque SCS Alliance (Nassau) Ltd.
BBM Bank Ltd.
BIE Bank & Trust Bahamas Ltd.
BluBank Ltd.
BNP Paribas (Bahamas) Ltd.
BSI Overseas (Bahamas) Ltd.
BSI Trust Corp. (Bahamas) Ltd.
Cabex Internacional Ltd.
Calyon
Cayside Trust Co. Ltd.
Citco Bank & Trust Co. (Bahamas) Ltd.
Citicorp Banking Corp.
Clariden Leu Ltd.
Coral Credit Bank Ltd.
Corner Bank (Overseas) Ltd.
Credit Agricole Management Services (Bahamas) Ltd.
Credit Agricole Suisse (Bahamas) Ltd.
Credit Agricole Suisse Bank & Trust (Bahamas) Ltd.
Credit Suisse
Credit Suisse Brazil (Bahamas) Ltd.
Credit Suisse Investment Bank (Bahamas) Ltd.
Credit Suisse Trust Ltd.
Cuscatlan Int'l Bank & Trust Ltd.
Dartley Bank & Trust Ltd.
Deltec Bank & Trust Ltd.
Deutsche Bank Trust Co. Americas
EFG Bank & Trust (Bahamas) Ltd
Eni Int'l Bank Ltd.
Eurobanco Bank Ltd.
Euro-Dutch Trust Co. (Bahamas) Ltd.
Experta Trust Co. (Bahamas) Ltd.
Finter Bank & Trust (Bahamas) Ltd.
First Overseas Bank Ltd.
First Trust Bank Ltd.
FirstCaribbean Int'l Finance Corp. (Bahamas) Ltd. (RESIDENT)
Gonet Bank & Trust Ltd.
Gottardo Trust Co. Ltd.
Guaranty Trust Bank Ltd.
Habib Banking Corp. Ltd.
Hang Seng Bank (Bahamas) Ltd.
Hang Seng Bank Trustee (Bahamas) Ltd.
Hang Seng Bank Trustee Int'l Ltd.
Harris N.A.
Heath Bank & Trust Ltd.
HongKong & Shanghai Banking Corp. Ltd., The
Hottinger Bank & Trust Ltd.
HSBC Bank Bahamas Ltd.
HSBC Int'l (Bahamas) Ltd.
HSBC Int'l Trustee (Bahamas) Ltd.
HSBC Private Bank (Suisse) S.A.
Intesa Sanpaolo S.p.A.
J Safra Bank (Bahamas) Ltd.
JPMorgan Chase Bank
Julius Baer Bank & Trust (Bahamas) Ltd.
Julius Baer Trust Co. (Bahamas) Ltd.
Lombard Odier Darier Hentsch Private Bank & Trust Ltd.
Macro Bank Ltd.
Metropolitan Bank (Bahamas) Ltd.
Mizuho Corporate Bank (USA)
MMG Bank & Trust Ltd.
National Bank of Canada
Oceanic Bank & Trust Ltd.
Pasche Bank & Trust Ltd.
PIB Trust Co. Ltd.
Pictet Bank & Trust Ltd.
PNC Bank, N.A.
Private Investment Bank Ltd.
Private Trust Corp. Ltd., The
Rural Int'l Bank Ltd.
Safra Int'l Bank & Trust Ltd.
Santander Bank & Trust Ltd.
Santander Investment Bank Ltd.
Scotiabank Caribbean Treasury Ltd.
SG Hambros Bank & Trust (Bahamas) Ltd.
St. James Bank & Trust Co. Ltd., The
Standard Chartered Bank
State Bank of India
Syz & Co. Bank & Trust Ltd.
Transamerica Bank & Trust Co. Ltd.
UBP Int'l Trust Ltd.
UBS (Bahamas) Ltd.
Union Bancaire Privee
Union Bancaire Privée (Bahamas) Ltd.
Votorantim Bank Ltd.
Westrust Bank (Int'l) Ltd.
Winterbotham Trust Co. Ltd., The
Definitions of Terms Used Above
Authorised Dealer:
An authorised dealer is a bank which has been authorised by the Central
Bank to deal in gold and all foreign currencies, and for this purpose
can open and maintain accounts in such currencies, within the limits
laid down in Exchange Control Notices issued by the Bank. Under
authority delegated by the Central Bank, an authorised dealer can
approve certain applications for foreign currency within specified
currency and specified limits.
Authorised Agent:
An authorised agent is a bank or trust company authorised by the Central
Bank to deal in Bahamian and foreign currency securities and to receive
securities into deposits (i.e. to act as custodians) in accordance with
the terms of Exchange Control Regulations Act and Exchange Control
Notices issued by the Central Bank.
Resident:
A resident status allows a bank and/or trust company to deal only in
Bahamian Dollars, but operations in foreign currencies require Exchange
Control authorisation. This does not apply to an Authorised Agent or
Authorised Dealer which is designated Resident.
Non-resident:
A non-resident designation permits a bank and/or trust company to
operate freely in foreign currencies, but Exchange Control approval is
necessary to operate a Bahamian Dollar account to pay local expenses.
Public Licensee:
A public bank and/or trust company is one which is permitted to carry on
banking and/or trust business with members of the public.
Restricted Licensee:
A restricted bank and/or trust company is one which is allowed to carry
on business for certain specified persons which are usually named in the
licence.
Nominee Trist Licensee:
A Nominee Trust licence restricts the services that may be offered by a
licensee to the provision of nominee services only. Such services are
defined to include the holding of securities and other assets in the
licensee’s name and the provision of corporate directors and officers on
behalf of its parent company’s clients.
Non-active Licensee:
A non-active company is one which is either in voluntary liquidation or
is an approved dormant licensee.
Source: The Central
Bank of the Bahamas
