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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 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]
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]
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Grace Bank, formerly Barcadares, is an unincorporated hamlet 33 miles up the Belize River. It was the second settlement founded by the first English settlers of present-day Belize . It was settled in the 1650s, relocated in 1760, and resettled in 1853.
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.
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 ...
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