Banking

The banking sector in Trinidad and Tobago maintained profitability and consolidated its financial stability in 2017, in conjunction with broader improvements in economic health. Banking is poised to play an important role in supporting the country’s continued development, with executives in the sector expecting T&T’s solid economic performance in 2018 to continue into 2019. In a May 2018 public address, Colm Imbert, the minister of finance, announced that the country was on the road to an economic rebound. In the near term, domestic banks are seeking to hone their competitive edge and enhance their capacity for dealing with technological change as the economy evolves and expands. This chapter features interviews with Ronald Harford, Chairman, Republic Financial Holdings; and Karen Darbasie, Group CEO, First Citizens Trinidad and Tobago.