As a result of falling hydrocarbons prices in 2014-16, and the consequential drop in export revenue, the Trinidad and Tobago dollar has come under increasing pressure and has been slowly depreciating. During the same period there was both a change in government – in September 2015 – and a change in the top leadership of the Central Bank of T...
Well capitalised and financially healthy, the banking sector in Trinidad and Tobago is led by eight main institutions. Despite economic growth slowing in 2015 and 2016, the country’s banks remain profitable and may even see benefits from the end of a long period of very low interest rates.
With government facing a revenue shortage, how can banks help fund infrastructure and housing?
While Trinidad and Tobago’s insurance industry was affected by a slower economy in 2015, most of the largest insurers remain prof¬itable. Key metrics suggest the industry is resilient, although companies will have to adapt their business models to keep abreast of market developments. At the end of 2015 there were seven active life insurance companies, 17 active general insurance companies and...
Trinidad and Tobago’s capital markets have developed against a background of strong energy sector growth. Therefore, the current lower price environment for oil and gas is expected to translate into slower and more modest stock market growth in the near term. A total of 38 stocks were traded in 2015 – 20 recorded advances, 13 experienced declines and five held steady – with share prices...
Despite economic growth slowing in 2015 and 2016, Trinidad and Tobago’s banks remain profitable and may even see benefits from the end of a long period of very low interest rates. According to the Central Bank of T&T (CBTT), for the past five years growth in the financial sector (including finance, insurance and real estate) has outpaced economic expansion. In 2015 the nation’s GDP...
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