Includes a list of U.S. banks operating in the market; indicates whether Ex-Im Bank offers any country-specific programs.
Last Published: 7/8/2019

Citibank operates a merchant bank in Barbados and it is the only U.S. bank located in the jurisdication. The commercial banking sector is dominated largely by Canadian and regional banks.  In the past, the Export-Import Bank of the United States (ExIm Bank) has offered loan guarantees for the financing of projects in Barbados under special provisions.  Please visit www.exim.gov for more information.

The Bank of Nova Scotia (Scotiabank)
First Floor, CGI Tower,
Warrens, St. Michael, Barbados
Tel:  246-431-3100
Fax:  246-421-7110
Website: www.barbados.scotiabank.com   

Republic Bank (Barbados) Ltd.
Independence Square
Bridgetown, Barbados
Tel:  246-431-5700
Fax:  246-429-2606
Website: www.republicbarbados.com  

CIBC First Caribbean International Bank
Head Office Warrens
St. Michael, Barbados
Tel:  246-367-2300
Fax:  246-424-8977
Website: http://www.firstcaribbeanbank.com  

Caribbean Financial Services Corporation
Radley Court, Collymore Rock
St. Michael, Barbados
Tel:  246-431-6400
Fax: 246-426-1869
Website: http://www.cfsc.com.bb  

Citicorp Merchant Bank Limited (Citi)
Cedar Court, Wildey Business Park
St. Michael, Barbados
Tel:  246-426-2458
Fax: 246-426-1034
Website: http://www.citigroup.com/citigroup/global/brb.htm  

First Citizens Bank (Barbados) Ltd.
The Mutual Building
#1 Beckwith Place, Lower Broad Street
Bridgetown, Barbados
Tel:  246-431-4500
Fax:  246-429-5734
Website: http://www.firstcitizensbb.com   

RBC Royal Bank of Canada
Barbados & Eastern Caribbean Regional Office
1st Floor, Building 1, Chelston Park
St. Michael, Barbados
Tel:  246-467-4000
Fax:  246-427-8393
Website: www.rbtt.com/bb  

tarting in late 2015, several banks in the region have been faced with the increasing problem of correspondent banks, located primarily in the United States and the United Kingdom, cutting ties with Caribbean banks to derisk themselves from any penalties for accounts which might lead to risk of fraud, money laundering and terrorist financing.  This has made it increasingly difficult for banks to complete certain international money transactions.  Regional financial institutions are now actively pursuing solutions to preempt this emerging threat.
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.