ACB Caribbean

What ACB Caribbean does

ACB Caribbean is a publicly listed regional commercial bank operating under the legal name Antigua Commercial Bank Ltd., headquartered in St. John's, Antigua and Barbuda, with branches across St. John's and Codrington (Barbuda) and a wholly-owned subsidiary, ACB Grenada Bank Limited, extending the franchise into Grenada. Founded in 1955 and approaching 70 years of continuous operation, the bank serves retail consumers, small and medium enterprises, and corporate clients across the two markets, and lists its shares on the Eastern Caribbean Securities Exchange (ECSE).

The bank runs a full-service retail and commercial banking platform spanning deposit products (personal and business chequing, savings, Junior Savings, Freedom 55 senior savings, fixed deposits), lending products (mortgages with up to 30-year terms and 95% financing via mortgage indemnity insurance, student, vehicle, land, business, and personal loans), card products (Classic, Gold, Platinum, and Platinum Business credit cards; ACB Smart Cards debit), and merchant services (POS terminals, payroll processing). A separate subsidiary, ACB Mortgage & Trust Company Limited, administers mortgage, thrift-fund, and fixed-deposit products, while ACB Invest provides wealth-management services. Distribution is delivered via a multi-location physical branch network, ATMs, a 24/7 secure online banking portal, and the ACB Smart App on iOS and Android. The technology stack was recently extended with Tap2Pay, an Android softPOS application that lets small merchants accept contactless Visa payments on NFC-capable phones without dedicated hardware.

Revenue is generated from a mix of interest income on the loan book (mortgages, personal, vehicle, student, and business loans), recurring account service charges (e.g., chequing account monthly fees, credit-card annual fees ranging from $100 to $200), transaction-based fees (wire transfers at $55-$120, cash advance fees at 2% minimum $10, merchant discount fees, and payroll processing fees), and interchange on card and Tap2Pay volumes. Customer acquisition combines branch-led sales, digital self-service onboarding, and partnership-driven merchant onboarding (e.g., the ABTA taxi-association partnership backed by Flow network infrastructure). The bank also maintains community engagement via the Louis H. Lockhart Scholarship (launched 1993) and a secondary-school scholarship programme operated through the Mortgage & Trust subsidiary.

Name

ACB Caribbean

Legal name

Antigua Commercial Bank Ltd.

Website

https://ag.acbonline.com

Company type

Public

Founded year

1955

Operating status

Operating

Headcount range

51–100 employees

Short description

ACB Caribbean is a publicly listed commercial bank offering retail, SME, corporate, mortgage, and merchant-acquiring services through branches, ATMs, a mobile app, and online banking across Antigua, Barbuda, and Grenada.

Ownership category

akta.pro rank

Headquarters

HQ city

St. John's

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Interest earned on mortgage loans, personal loans, vehicle loans, student loans, land loans, and business loans. Interest rates vary by product (student loans at 9%, mortgages at competitive rates)
2. Account Fees: Monthly service charges on chequing accounts ($20/month), savings account maintenance fees, and minimum balance violation charges
3. Credit Card Fees: Annual membership fees for credit cards (Classic $100, Gold $100, Platinum $150-200, Platinum Business $200), cash advance fees (2% minimum $10), late payment fees ($45-100), and foreign transaction fees
4. Wire Transfer Fees: Outgoing wire transfer fees ranging from $55-120 depending on destination and channel (online vs in-branch), incoming wire fees at $25-30
5. Fixed Deposit Interest: Time deposits with interest rates of 2% (minimum) to 2.25% (maximum), terms from 18-36 months, minimum investment of $5,000
6. Merchant Services: Annual administration fees ($150), equipment rental ($30-60/month), and discount fees for POS terminals
7. Corporate Services: Payroll processing fees (electronic: $15 + $1/employee; manual: $30 + $2/employee), cash payroll fees (0.1% min $30)

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

ACB Caribbean is a regional commercial bank providing deposit accounts, lending products, credit and debit cards, mortgages, merchant services, and digital banking channels to individuals, SMEs, and corporate clients across Antigua, Barbuda, and Grenada. The bank offers checking and savings accounts, fixed deposits, personal and business loans, student financing, and the ACB Smart App/Online Banking platform alongside its Tap2Pay contactless payment solution for merchants.

Product overview

ACB Caribbean operates as a regional banking institution offering a comprehensive suite of financial products and services across personal, business, and investment segments. The product portfolio includes ACB Online Banking and ACB Smart App as core digital channels, alongside deposit products (chequing, savings, Junior Savings, Freedom 55, Fixed Deposits, Thrift Fund), lending products (mortgages, student loans, business loans, personal loans), card products (ACB Smart Cards, credit cards including Visa and Mastercard variants), and merchant services. The company also offers Tap2Pay, a mobile payment acceptance solution for small businesses. ACB Mortgage & Trust Company Limited operates as a subsidiary providing specialized mortgage, trust, and investment management services. The bank serves customers across Antigua, Barbuda, and Grenada markets.

Differentiator

Problem solved

Functional benefit

Products and services

• ACB Online Banking Internet banking platform allowing customers to view account balances, download statements, pay utility bills, transfer funds between ACB accounts, and access digital services 24/7.
• ACB Smart App Mobile banking application available on Android and iOS offering account alerts, fund transfers, bill payments, cheque book ordering, loan calculators, e-statements, and secure messaging.
• Personal Chequing Account Checking account for personal banking with cheque book capabilities and various transaction options; minimum opening $300 and $20 monthly service charge.
• ACB Smart Access Account Spending account offering flexible access to funds with associated debit card services.
• Savings Account Personal savings account with $100 minimum opening, 2% p.a. interest rate, $1 monthly charge, and a $10 violation charge if minimum balance not maintained.
• Junior Savings Account Savings account for young savers with $100 minimum opening, 2.25% p.a. interest rate (higher than regular savings), special gifts upon opening, and savings pass book.
• Freedom 55 Savings account for individuals aged 55 and older with $10,000 minimum opening, 2.1% interest rate, and no monthly service charge.
• Fixed Deposits Guaranteed investment product with 2% to 2.25% interest rates, $5,000 minimum investment, 18 to 36 month terms, with monthly, quarterly, semi-annual, or annual interest payment options.
• Thrift Fund Employer-sponsored savings fund with matched contributions, superior interest rates, accounting services, semi-annual statements, and collateral options for education, land purchase, house construction, and medical expenses.
• ACB Smart Cards Debit card products available in Classic and Gold variants with various ATM withdrawal and transaction fee structures.
• ACB Caribbean Credit Cards Credit card portfolio including Visa Classic, Visa Gold, Mastercard Gold, Platinum, and Platinum Business cards with varying annual fees, interest rates, and rewards programs.
• Mortgage Long-term residential property financing with up to 30 years repayment, flexible payment plans, up to 75% financing (or 95% with mortgage indemnity insurance), for home purchase, construction, and refinancing.
• Student Loans Education financing with up to 10 years repayment, 9% interest rate, maximum borrowings of $270,000, option to pay interest only during studies, and laptop purchase option.
• Vehicle Loans Auto financing product for personal vehicle purchase offered under the personal lending portfolio.
• Land Loans Financing product for personal land purchase offered under the personal lending portfolio.
• Unsecured Loans Unsecured personal borrowing product for individual customers.
• Personal Loans / Travel & Vacation Personal loan product tailored for travel and vacation financing for individual borrowers.
• Home Equity Loans / Renovations Home equity-based borrowing product for residential renovation and equity release needs.
• Business Loans Customized term loan financing for business expansion, equipment purchase, real estate acquisition, and debt refinancing aimed at SMEs and corporate borrowers.
• Business Chequing Account Business checking account for corporate banking needs with cheque book and transaction services.
• Corporate Credit Cards Business credit card solutions for corporate clients with spending controls and expense management capabilities.
• Merchant Services Payment processing solutions including POS terminal rental, discount fee structures, and rental options for dial-up, internet, and GPRS terminals for business merchants, plus payroll services.
• Tap2Pay Mobile payment acceptance solution enabling Android smartphone users with NFC to accept contactless Visa and contactless card payments without additional hardware.
• ACB Invest Investment and wealth management services offered by the bank for customers seeking investment products.

Quantifiable outcome

• Student loans up to $270,000 with 9% interest rate and 10-year repayment terms
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• FlowcoreTechnology or IntegrationPartnership with Flow to provide network infrastructure for merchant POS terminals. Flow powers the real-time mobile debit and credit card processing capability for taxi operators through ACB Caribbean's merchant services initiative with the Antigua Barbuda Taxi Association.
• Antigua Barbuda Taxi Association (ABTA)coreStrategic or Co-development PartnerPartnership with ABTA to address taxi operators' need for cashless payment acceptance. ACB Caribbean provides POS machines and merchant services enabling taxi drivers to accept card payments from tourists who rely less on cash.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• CIBC FirstCaribbean International Bank: Major Caribbean-headquartered commercial bank (Barbados), owned by CIBC, offering retail, corporate, and wealth services across the region — direct competitor to ACB Caribbean in the Eastern Caribbean deposit and lending market.
• Republic Bank Limited: Trinidad-headquartered commercial bank with multi-country Caribbean operations including Eastern Caribbean markets — directly comparable full-service retail and corporate banking model to ACB Caribbean.
• Bank of St. Lucia: Small Eastern Caribbean commercial bank offering retail, SME, and mortgage products to a single-island market — directly comparable in scale and product mix to ACB Caribbean.
• St. Kitts-Nevis-Anguilla National Bank: Eastern Caribbean community commercial bank providing retail, corporate, and mortgage services — comparable small-island full-service banking peer to ACB Caribbean.
• National Bank of Dominica: Dominica-based commercial bank offering deposits, lending, and merchant services in a single Eastern Caribbean island economy — directly comparable scale and product set to ACB Caribbean.
• Bank of Montserrat: Very small Eastern Caribbean commercial bank serving a single-island economy — comparable in micro-market scale and traditional retail/commercial banking focus to ACB Caribbean.

Broad incumbents

• Scotiabank Caribbean Operations: Global Canadian bank with extensive retail and commercial Caribbean operations across multiple territories — broader incumbent offering overlapping retail, mortgage, and corporate banking services to ACB Caribbean's customer base.
• RBC Royal Bank Caribbean: Royal Bank of Canada's Caribbean retail and commercial banking franchise across multiple islands — large incumbent competitor with overlapping deposit, mortgage, and card products versus ACB Caribbean.

Regional players

• Sagicor Financial Company: Caribbean-headquartered financial services group offering banking, insurance, and investments across the Eastern Caribbean — partial overlap with ACB Caribbean's banking and investment segments within the same geography.
• JMMB Group Limited: Jamaica-based regional financial services group with Caribbean banking, lending, and investment operations — comparable regional diversified financial services peer operating in adjacent Caribbean jurisdictions.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCWv5jqioks8XHLdskGkuUPQ
• Facebookfacebook.com/acbcaribbean
• LinkedInlinkedin.com/company/acb-caribbean

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 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 ACB Caribbean