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The bank opened a branch in Kingston, Jamaica, in 1889 to facilitate the trading of sugar, rum, and fish. This was Scotiabank's first move into the Caribbean and historically the first branch of a Canadian bank to open outside of the United States or the United Kingdom. [5] [11] In 1899, Scotiabank opened a branch in Boston, Massachusetts.
21.2.2 Subsidiary/branch of foreign entity. 21.3 Merchant banks. 21.3.1 Locally owned banks. ... Scotia Bank) Citibank Jamaica (Parent - Citibank) CIBC Caribbean ...
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Following the war, Currie had postings in London, England and Kingston, Jamaica before being transferred to the head office in Toronto in 1954. By 1959 he was a deputy general manager of the bank, and when the new Canadian Imperial Bank of Commerce was created in 1961, he retained the same title with the new bank.
NCB Group Limited was listed on the Jamaica Stock Exchange in 1986. [4] Between 1986 and 1991, the Government of Jamaica divested 61% of its shares in NCB Group Limited, and sold the remaining 39% to Jamaica M&N Investments Limited (a joint venture of the Jamaica Mutual Life Assurance Society and Jamaica National Building Society) in 1992. [4]
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Its first branch in Mexico City opened in 1910. In 1957, the bank opened a branch in Nassau, the Bahamas, and in the subsequent years expanded its operations in Jamaica. Between 1963 and 1988, the bank expanded its branch network in Barbados opened branches in St. Vincent, Antigua, and St Lucia. In 1988, CIBC sold 45% of its shares in CIBC ...
In 1950 GSB was the first credit union in Jamaica (and the Caribbean) to contract with the CUNA Mutual Insurance Society to protect members' savings and loans, standard for all credit unions. In 1954 it rented offices at the Teachers Mutual Aid Society Building at 28 Duke Street, hiring Horace Abrahams as the first general manager of a Jamaican ...