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HomeNewsLocal NewsCIC Congratulates SKNANB on 50th Anniversary

CIC Congratulates SKNANB on 50th Anniversary

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by Staff Writer

St. Kitts and Nevis (WINN): The Chamber of Industry and Commerce is congratulating the St. Kitts Nevis Anguilla National Bank on its 50th Anniversary.

Those celebrations started on February 28, the Chamber noted in a press release, and the Bank commenced operations in 1971, as the smallest bank in the Federation and now has grown to become the largest commercial bank in the Eastern Caribbean Currency Union (ECCU).

According to its Managing Director, Dr. Analdo Bailey, National Bank was incorporated on 15 February 1971, with paid-up capital of $164,000.00 and total assets of $440,000.00.

The Bank now boasts a capital base of $539 million and total assets in excess of $3.3 billion.

Its financial performance has been impressive, with an unbroken record of growth and profit since its inception.

National Bank is one of the CICs longest standing “A” Category members and has actively contributed to the development and growth of the Private Sector of the Federation over the years. The CEO Mr. Donald Thompson is also a Director on the Board of the Chamber.

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