Banking, Investment and Financial Services
While the stock market suffered a significant reversal in 2006, Trinidad and Tobago’s banking and financial services industry continued to perform strongly in its home base in 2006 and to be a leading provider of capital in the region.
In 2006, the loca l financial sector provided some US$600 million to regional governments and companies. The International Monetary Fund, in a 2006 Public Information Notice, described Trinidad and Tobago as a regional financial sector, commenting that: “The banking sector remains profitable, non-performing loans are low, and provisioning increased compared to last year (2005).”
President of the Bankers Association of T&T David Dulal-Whiteway, speaking to Who’s Who in April 2007, said: “Banking is a reflection of the economy. When the economy does well, banks generally perform well. Last year, the economy grew by double digits and this was reflected in the performance of the banking sector. Our sector is strong and well capit...
