First Caribbean International Bank

What First Caribbean International Bank does

CIBC Caribbean (legal entity: CIBC FirstCaribbean International Bank Limited), headquartered in Bridgetown, Barbados, is a wholly-owned regional banking subsidiary of Canadian Imperial Bank of Commerce (CIBC). Founded in 2002 and operating across 16 Caribbean markets (Antigua, Aruba, Bahamas, Barbados, BVI, Cayman, Curacao, Dominica, Grenada, Jamaica, St. Kitts, St. Lucia, St. Maarten, St. Vincent, Trinidad, Turks & Caicos), the bank serves retail, business, corporate, and private wealth clients with a full-service product suite. Its product and technology stack centres on a digital banking platform (Online Banking, Mobile App, Corporate Online, Smart ATMs) augmented by customer-facing features including 1stPay/1stPay+ P2P transfers via email/mobile/QR, mDeposit mobile check deposit, 1st Insights financial analytics, and a fully digital onboarding platform, with integrations into Visa Direct, Google Pay, and Central Bank of Barbados BiMPay instant payment infrastructure.

The bank monetizes through diversified retail and wholesale revenue streams: interest income on mortgages, personal, vehicle, land, business, and commercial loans and credit cards; recurring deposit account fees; credit card annual and transaction fees; wire/ATM/international transaction fees; corporate cash management and merchant services fees; investment banking and advisory fees (debt underwriting, equity financing, syndicated loans, structured finance); and insurance distribution commissions through partner CG United. Segments are organized horizontally into Personal Banking, Business Banking, Corporate Banking, Private Wealth/Platinum, and a Renewable Energy sector vertical, with a defined Platinum Banking tier and a Medical Professional's Edge bundle as premium offerings.

Distribution is multi-channel, combining the Caribbean-wide branch network, dedicated relationship managers for corporate and wealth clients, and self-serve digital channels (mobile app, online banking, smart ATMs, digital onboarding). Marketing emphasizes digital convenience, travel-rewards card partnerships (British Airways, JetBlue), and community engagement programs (Walk for the Cure, scholarships, Unsung Heroes). The bank operates with a CEO-led executive team and Board of Directors under CIBC's corporate governance framework, with reported headcount in the 1,001–5,000 range; specific revenue and earnings figures for the Caribbean entity were not disclosed in the provided input data.

Name

First Caribbean International Bank

Legal name

CIBC FirstCaribbean International Bank Limited

Website

https://cibcfcib.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CIBC Caribbean (First Caribbean International Bank) is a full-service regional bank operating across 16 Caribbean countries, serving retail, business, corporate, and private wealth clients with deposits, lending, cards, merchant and cash management services, investment banking, and wealth management, distributed through branches, mobile and online platforms.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Credit Card Issuing (52221), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Commercial banking solutions
• Investment banking advisory
• Wealth management services
• Digital banking platform

Headquarters

HQ city

Bridgetown

HQ country

Barbados

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Interest earned on loans including mortgages, personal loans, vehicle loans, land loans, business loans, commercial mortgages, and credit cards
2. Deposit Account Fees: Monthly and transaction-based fees on various deposit accounts including chequing, savings, and fixed deposit accounts
3. Credit Card Revenue: Annual fees, transaction fees, and interest charges on credit card products including Visa and Mastercard options
4. Transaction Fees: Fees from wire transfers, international transactions, ATM usage, and payment processing services
5. Cash Management & Merchant Services: Fees for corporate cash management, POS payment processing, e-commerce solutions, and merchant services
6. Investment Banking & Advisory: Fees from debt underwriting, equity financing, syndicated loans, structured finance, and advisory services for corporate clients
7. Insurance Distribution: Commission revenue from distribution of insurance products including auto, home, credit protection, and mortgage insurance through CG United

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

First Caribbean International Bank (operating as CIBC Caribbean) is a full-service Caribbean bank providing personal banking (chequing, savings, mortgages, consumer loans, credit and debit cards), business banking (business accounts, commercial loans, merchant services, cash management), corporate and investment banking (debt underwriting, syndicated loans, structured finance, trade finance), and private wealth management (private banking, investment advisory, fiduciary services). The bank operates across 16 Caribbean countries through a branch network and digital platforms including online banking, mobile apps, smart ATMs, and corporate online portals.

Product overview

CIBC Caribbean operates as a multi-channel banking platform offering a comprehensive suite of financial products and services across personal, business, corporate, and wealth management segments. The core banking infrastructure consists of digital platforms (Online Banking, Mobile App, Corporate Online), supplemented by branch and ATM networks. Personal banking encompasses deposit accounts (Chequing, Savings, Fixed Deposits), credit/debit cards (Visa and Mastercard), consumer loans, mortgages, and insurance. Business banking includes specialized business accounts, business cards (JetBlue Business, Visa Corporate, bizline), merchant services, cash management, and prepaid cards. Corporate banking offers investment banking services (debt underwriting, equity financing, syndicated loans, trade finance, structured finance), while wealth management provides private banking and investment advisory. The digital ecosystem includes 1stPay/1stPay+ for person-to-person transfers, mDeposit for mobile check deposits, 1st Insights for financial analytics, and Smart ATMs. Products are distributed through digital channels, branches, and third-party partnerships with card networks (Visa, Mastercard) and mobile wallets (Google Pay).

Differentiator

Problem solved

Functional benefit

Brands

• 1st Insights: Digital banking analytics tool for personal finance tracking
• 1stPay
• 1stPay+
• Axiom Portfolios
• bizline
• EasyCover Revolving

Products and services

• Digital Banking (Online Banking and Mobile App) Comprehensive digital banking platform enabling customers to perform day-to-day banking transactions, manage accounts, transfer funds, pay bills, and access financial insights through web and mobile applications.
• mDeposit Mobile check deposit feature allowing clients to deposit cheques remotely using the camera on their smart device via the Mobile App.
• 1stPay / 1stPay+ Person-to-person payment service enabling transfers to other CIBC Caribbean clients using email, mobile number, or unique QR code.
• Corporate Online Banking Online banking platform for corporate clients providing real-time account access, bulk payment processing, payroll management, and multi-user permission controls.
• Smart ATMs Network of ATMs across the Caribbean region enabling cash withdrawals, deposits, bill payments, and credit card payments with enhanced functionality.
• Platinum Chequing Account Interest-bearing chequing account with premium benefits including real-time transaction alerts, card freeze capabilities, and access to Visa Platinum Debit Card.
• Fixed Deposits Term deposit accounts offering higher interest rates for lump sum deposits held for fixed periods, available in Non-Redeemable, Cashable, and Laddering options.
• Credit Cards (Visa and Mastercard) Portfolio of credit cards including Visa Classic, Visa Rewards, Visa Platinum, British Airways Visa Platinum, JetBlue Cards, Mastercard Black, and UWI Visa, offering rewards, travel benefits, and flexible repayment options.
• Debit Cards (Visa Debit) Visa Debit cards including Classic and Platinum variants enabling direct deduction from accounts for purchases with Chip and PIN security and contactless payment.
• Mastercard Prepaid Card Prepaid card solution for businesses and governments ideal for payroll, social benefits, and corporate payments with contactless capability and online management.
• Merchant Services Business payment acceptance solutions including Point of Sale terminals, payment processing, e-commerce integration, fraud protection, and Tap on Phone functionality.
• Axiom Portfolios Investment portfolio solutions for platinum clients with access to global independent investment managers, offering diversified investments by asset class, geography, and market capitalization.
• Investment Banking Services Corporate and investment banking offerings including debt underwriting, equity financing, syndicated loans, structured finance, securitization, derivatives, and treasury management.
• Trade Finance International trade financing solutions including bonds, guarantees, indemnities, and letters of credit for corporate clients.
• Insurance Products Insurance offerings distributed through CIBC Caribbean including Auto, Home, Home Construction, Credit Insurance Protection, and Mortgage Indemnity, underwritten by CG United.
• Private Wealth Management Wealth management services including Private Banking, Investment Advisory Services, Discretionary Portfolio Management, Fiduciary Services, and Fund Services for high-net-worth clients.
• Consumer Loans Personal lending products including Land, Vehicle, Personal, Student, and Renewable Energy loans, plus EasyCover Revolving credit and Personal Overdraft Facility.
• Mortgages Home financing solutions including buying, building, switching, and refinancing mortgages, plus Home Owner's Savings Plan and mortgage insurance products.

Quantifiable outcome

• Online account opening available 100% digitally for eligible applicants
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature7 records

Partnerships

One partnership is on record.

• CG UnitedcoreOthersCG United serves as the underwriter and administrator for the CIBC Caribbean Insurance Program, providing home, auto, credit protection, and mortgage insurance products to bank clients. The insurance is distributed exclusively through CIBC Caribbean branches and bankers.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Scotiabank Caribbean: Scotiabank operates a major retail, commercial, and corporate banking presence across multiple Caribbean markets with comparable deposit, lending, and card products — a direct competitor in overlapping geographies.
• RBC Caribbean: Royal Bank of Canada's Caribbean banking arm offers retail, business, and wealth services across several of the same island markets, with similar product breadth and parent-bank backing.
• Republic Bank Limited: Trinidad-headquartered regional bank with retail, commercial, and corporate banking across the Caribbean, including recent expansion via the Cayman National acquisition — comparable scale and product set.
• National Commercial Bank Jamaica: Jamaica's largest commercial bank offering personal, business, and corporate banking with strong digital capabilities — directly comparable to CIBC Caribbean's Jamaica operations.
• JMMB Group: Caribbean financial services group with banking, investments, and wealth management across Jamaica, Trinidad, and Dominican Republic — overlapping retail and wealth segments.

Broad incumbents

• Sagicor Financial Company: Pan-Caribbean financial services group spanning banking, insurance, and investments — comparable in regional breadth, with overlapping wealth and insurance distribution.

Regional players

• Banco Popular Dominicano: Dominican Republic's leading commercial bank with full retail, business, and corporate banking — geographically adjacent and a benchmark for mid-market Caribbean banking scale.
• Banreservas: Dominican Republic state-owned commercial bank with broad retail and corporate services — comparable in scale and product breadth within the broader Caribbean economic zone.
• Bank of The Bahamas: Bahamas-focused commercial bank providing retail, corporate, and wealth services — directly overlapping with CIBC Caribbean's Bahamas operations.

Others

• CIBC (parent): Canadian parent bank providing strategic capital, technology, and brand — relevant as the controlling shareholder whose strategic priorities directly shape the subsidiary's investment capacity.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CIBC_FCIB

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Caribbean International Bank