Business and Banking
Information on the financial sector in Trinidad and Tobago.
Our twin islands of Trinidad and Tobago are home to roughly 1.3 million people with an economy based primarily on energy based industries and tourism. There are no restrictions on foreign banks or foreign borrowers in Trinidad and Tobago, and most Trinidad banks offer a wide range of services. There are 6 commercial banks, several foreign banks and roughly 130 credit unions. In addition to the Trinidad and Tobago central bank, banks in Trinidad and Tobago include:
Central Bank
The Central Bank of Trinidad & Tobago was established by an Act of Parliament on December 12, 1964 , following the gaining of Independence on August 31, 1962 . It was only the second Central Bank to be established in the English-speaking Caribbean , the first being the Bank of Jamaica which was established in 1960.
The Central Bank holds a range of responsibilities including the exclusive right:
Commercial Banks
- FIRST CITIZENS BANK
Offers corporate and private banking services including savings and loan products. Check exchange rates and local financial news. - RBC ROYAL BANK
Caribbean-owned banking and financial services group offers products for individuals, businesses and soverign governments. - REPUBLIC BANK
Access financial news, exchange rates, banking services and personal financial planning products. - SCOTIA BANK
Offers personal and business banking products and services including credit cards, loans and trade financing. - UNIT TRUST CORPORATION
The Unit Trust Corporation is an investment company operating in Trinidad and Tobago. Our primary objective has been to give to clients quality service and better returns.
