CIBC Caribbean Bank (Bahamas) Limited (Bahamas)

CIBC Caribbean Bank (Bahamas) Limited, formerly known as FirstCaribbean International Bank (Bahamas) Limited, is a leading financial institution in the Caribbean region and a subsidiary of the CIBC (Canadian Imperial Bank of Commerce). The bank operates across The Bahamas and Turks and Caicos Islands, with 12 branches and agencies, 62 ATMs, and specialized centers for Wealth Management and Corporate Investment Banking located in New Providence, Grand Bahama, Abaco, Eleuthera, and the Turks and Caicos Islands. It offers services through four main segments: Personal and Business Banking, Corporate Banking, Wealth Management, and Administration, serving both individual and business clients. In 2025, the bank reported strong financial performance, with $42.5 million in net income for Q1—up 49% year-over-year—driven by improved credit loss expense and stable U.S. benchmark interest rates. The bank maintained a Tier 1 Capital Ratio of 29.8%, well above regulatory requirements, and declared an interim dividend of $0.09 per share, pending approval. The rebranding to CIBC Caribbean Bank Limited was finalized in early 2025 to align with its parent company’s global brand strategy, reinforcing CIBC’s commitment to the region.