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The Central Bank of Belize was established on January 1, 1982, by the Central Bank of Belize Act No. 15 (Chapter 262 of the Laws of Belize Revised Edition 2000). [4] The Central Bank is the natural successor to the Monetary Authority of Belize, established from 1976 to 1981, and the Board of Commissioners of Currency running from 1894. [5]
In 2022, BBL acquired the assets and liabilities of Scotiabank (Belize) Limited, becoming the largest commercial bank in Belize with a 44.4% market share of the country's banking assets. BBL operates 11 branches across all districts and maintains a network of 45 ATMs, providing extensive coverage nationwide.
The Government of Belize established the bank in April 2013 to provide low-interest credit to teachers, public officers, and the poor. [2] With an initial capitalization of 20 million dollars, this state-owned bank opened its doors to the public on September 2, 2013. Within the first 10 months, the bank granted 12.1 million in mortgage loans. [3]
Development Finance Corporation (DFC) is the only development bank in Belize, Central America.Established on September 27, 1963, the bank provides micro sector enterprise (small business) loans, home loans, student Loans, productive sector loans (agriculture, manufacturing, fisheries, etc.) and from 2016, renewable energy and energy efficiency loans for businesses.
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Belize is a country on the eastern coast of Central America bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea. Belize has a small, mostly private enterprise economy that is based primarily on export of petroleum and crude oil , agriculture, agro-based industry, and merchandising, with ...
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...