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Thursday, May 26, 2022
HomeBusinessSKNANB REPORTS RECORD $188 MILLION IN PROFIT.

SKNANB REPORTS RECORD $188 MILLION IN PROFIT.

St Kitts – Announcement just made at the Institutions AGM now taking place at the St.Kitts Marriott. 

Despite the pandemic Deposits at the bank grew to 2.6 Billion with overall assets now standing at 3.7 Billion.  

No doubt this fact was buoyed and driven by the impressive injection of almost $200 million into the economy by the Federal Government through the 1st and 2nd stimulus.

The Bank also continues to successfully manage investments which again have been significant in the overall net profit success of the 50 year old institution. 

The St.Kitts-Nevis-Anguilla National Bank Group subsidiary the National Caribbean Insurance also reported a record performance of $12 Million in Net Profit. The Highest in the history of the Subsidiary. 

The Board of Directors, Management and Staff of the Bank have been lauded on a job well done in improving and enhancing the institutions position as the largest and most successful Indigenous banking institution in the OECS. (St Kitts Nevis Daily)

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