Grenada Co-Operative Bank

What Grenada Co-Operative Bank does

Grenada Co-operative Bank Limited (Co-op Bank) is a privately held, cooperative-structured commercial bank founded in 1932 and headquartered at No. 8 Church Street, St. George's, Grenada. It is Grenada's only indigenous commercial bank and serves the tri-island state of Grenada, Carriacou, and Petite Martinique through multiple Retail Banking Units, an ATM network connected to Visa Plus and CONNEX, an eBanking web platform, an iOS mobile app, and phone-based customer care. The bank employs between 251 and 500 staff and is owned by Grenadian stakeholders with no parent company or external institutional investor identified.

Co-op Bank's product suite spans personal banking (chequing, savings, fixed deposits, youth education plans, mortgages, student loans, consumer loans, vehicle loans, credit and debit cards), business banking (current accounts, overdraft facilities, merchant services, business loans, MSME solutions), investment services, and diaspora banking with international wire transfers. The bank's technology stack centers on its eBanking digital platform and iOS mobile application, which support account management, bill payments, transfers, alerts, and statement viewing, alongside a Visa-branded international debit card product. Recent product innovation has emphasized climate-smart financing through the Building for the Future (BFF) Loan (up to $50,000 unsecured for home climate upgrades) and the 2025 Made to Fit campaign offering 100% financing for land, vehicles, and consumer needs with point-based discounts for climate-resilient features.

Revenue is generated principally through net interest income on the lending book (mortgages, consumer, vehicle, business, MSME, and climate loans) and fee-based income from account maintenance, transactions, wire transfers, overdraft facilities, merchant services, credit card operations, and foreign exchange. Distribution combines branch-led relationship banking with self-serve digital onboarding and a community-driven marketing approach anchored by the long-running Pump It Up! Family Fun Walk and four community outreach pillars (sports, education, culture, environment). Customer segments are primarily individual consumers and MSMEs across the tri-island state, supplemented by diaspora clients.

Name

Grenada Co-Operative Bank

Legal name

Grenada Co-operative Bank Limited

Website

https://grenadaco-opbank.com

Company type

Private

Founded year

1932

Operating status

Operating

Headcount range

251–500 employees

Short description

Grenada Co-operative Bank Limited is a 1932-founded indigenous commercial bank serving individuals, MSMEs, and diaspora customers across Grenada, Carriacou, and Petite Martinique through branches, eBanking, and Visa-network ATMs, offering deposits, loans, cards, and climate-smart financing.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), Finance Services (6199)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking services
• Commercial banking
• Consumer lending
• Mortgage loans
• Diaspora banking

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Revenue generated from interest on loans including mortgage loans, student loans, consumer loans, vehicle loans, and business loans.
2. Fee-Based Services: Fees from account maintenance, transactions, wire transfers, overdraft facilities, and merchant services.
3. Credit Card Operations: Revenue from credit card transactions, fees, and rewards programs.
4. Foreign Exchange: Revenue from currency exchange services and international transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Grenada Co-operative Bank Limited provides a full suite of personal and commercial banking services across the tri-island state of Grenada. Its core offerings include deposit accounts (chequing, savings, fixed deposit, junior and education savings), lending products (mortgages, student, consumer, vehicle, and business loans), overdraft facilities, credit and debit cards (including a Visa International Debit Card), wire transfers, merchant services, diaspora banking, and investment services. Customers access these through Retail Banking Units, the proprietary eBanking web and iOS mobile platform, and the Visa Plus / CONNEX ATM network.

Product overview

Grenada Co-operative Bank Limited offers a comprehensive suite of banking products and services for personal and business customers. The core offering includes deposit accounts (chequing, savings, fixed deposits, and specialized accounts like the Super Starter Education Investment Plan and Honey Bee Junior Savings Account for youth), lending products (mortgages, student loans, vehicle loans, consumer loans, and business loans), credit and debit cards (Visa International Debit Card), and transaction services (wire transfers, diaspora banking). Digital services are delivered through the eBanking platform providing online and mobile banking. The bank also offers climate-focused financing through its Building for the Future (BFF) Loan program supporting renewable energy, energy efficiency, water conservation, and hurricane preparedness upgrades with interest rate discounts based on climate-resilient features. The Made to Fit campaign provides flexible financing options including land purchase, vehicle financing, and consumer lending with promotional terms.

Differentiator

Problem solved

Functional benefit

Brands

• eBanking: Online and mobile banking platform offering account management, bill payments, transfers, and alerts.
• Building for the Future (BFF) Loan
• Pump It Up!
• Made to Fit
• Super Starter Education Investment Plan
• Honey Bee Junior Savings Account

Products and services

• eBanking Online and mobile banking platform enabling customers to manage finances, pay bills, transfer funds between accounts, view account balances and statements, manage alerts, and request services such as wire transfers and cheque books via web and an iOS mobile app.
• Personal Chequing Account Personal chequing account for everyday banking transactions.
• Super Starter Education Investment Plan Education savings plan offering scholarships and star points for students to support education funding.
• Honey Bee Junior Savings Account Savings account designed for children and youth.
• Regular Savings Account Standard savings account for general savings needs.
• ECCU First Step Account Entry-level savings account.
• Fixed Deposit Term deposit account with fixed interest rates.
• Mortgage Loans Financing for home purchase and construction.
• Student Loans Education financing for students.
• Consumer Loans General-purpose personal loans of up to $50,000 unsecured, delivered through the Made to Fit campaign.
• Vehicle Loans Financing for vehicle purchase, including 100% financing for brand-new fuel-powered, hybrid, and electric vehicles under the Made to Fit campaign.
• Credit Cards Credit card products with associated fees, charges, and rewards programmes.
• Visa International Debit Card Co-op Bank Visa International Debit Card enabling ATM access through the Visa Plus and CONNEX networks and point-of-sale transactions.
• Current Account (Business) Business chequing account for business customers.
• Overdraft Facility Business overdraft protection facility.
• Merchant Services Payment processing services for business merchants.
• Business Loans Commercial lending products for business financing.
• MSME Solutions Specialized banking solutions for micro, small, and medium enterprises.
• Diaspora Banking Banking services for Grenadians living abroad, including wire transfers and international account management.
• Wire Transfers International and domestic money transfer services.
• Investment Services Investment and wealth management products and services.
• Building for the Future (BFF) Loan Climate-smart home financing product offering up to $50,000 unsecured for renewable energy (solar panels, solar water heating), energy-efficient appliances, water storage (tanks, cisterns, rainwater harvesting), hurricane preparedness (shutters, roof upgrades with hurricane straps, generators), and heat management (energy-efficient AC, insulation) with point-based interest rate and loan fee discounts.

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, minor and flagship.

• National Telecommunications Regulatory Commission (NTRC)coreStrategic or Co-development Partner · 1 January 2026Co-op Bank supported Girls in ICT Day 2026 under the theme 'AI for Development: Girls Shaping the Digital Future', an initiative led by NTRC in collaboration with Ministry of Education and Ministry of ICT. The bank contributed to the AI Innovative Challenge competition.
• St. Mark Organisation for Development (SMOD) Inc.minorGTM or Marketing Partner · 1 January 2026Co-op Bank partnered with SMOD Inc. to support the St. Mark's Festival Schools' Spelling Competition & History Symposium as part of the 2026 St. Mark's Festival events. The competition featured Grade 4 students and supported educational development.
• Fundaytion InitiativeminorStrategic or Co-development Partner · 1 January 2026Co-op Bank supported the Fundaytion initiative, a youth program that promotes creativity, teamwork, confidence, and self-expression. Originally a singing competition, Fundaytion has expanded to include financial literacy workshops.
• Grenada Paralympic CommitteecoreGTM or Marketing Partner · 1 January 2026Co-op Bank provided uniforms for Paralympic athletes to compete at INTERCOL and CARIFTA games, supporting athletes managed by the Grenada Paralympic Committee.
• Antillean Finance & Investment Group Inc.coreGTM or Marketing Partner · 1 January 2017Corporate partner for Pump It Up! Family Fun Walk initiative. Antillean Group provides support as a benefactor for the annual health and wellness fundraising walk, focusing on education, sports, and culture.
• Guardian General Insurance (OECS) LimitedcoreGTM or Marketing Partner · 1 January 2017Corporate supporter for Pump It Up! Family Fun Walk initiative. Guardian Group supports the annual fundraising walk as a contributing sponsor, aligning with their corporate social responsibility focus on wellbeing and human potential.
• University of the West Indies (UWI) Global Campus GrenadaflagshipStrategic or Co-development Partner · 1 January 2015Co-op Bank has been main sponsor of the Carol Bristol Distinguished Lecture Series since 2015. This annual lecture addresses important social issues including gender-based violence, creating a platform for advocacy, dialogue, and community engagement.
• Jonas Browne & Hubbard (G'da) Limited (Hubbard's)flagshipGTM or Marketing Partner · 1 January 2009Corporate partner and benefactor for the Pump It Up! Family Fun Walk initiative since its inception in 2009. Hubbard's joined the trust formed in 2017 alongside other corporate citizens to pool resources for the Carlton Home Rehabilitation Centre fundraising. They continue as benefactors for annual Pump It Up! events.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/grenadacoopbank
• Facebookfacebook.com/GrenadaCoopBank

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Grenada Co-Operative Bank