St. Kitts-Nevis-Anguilla National Bank

What St. Kitts-Nevis-Anguilla National Bank does

St. Kitts-Nevis-Anguilla National Bank Limited (SKNA Bank) is a publicly traded commercial bank headquartered on Central Street in Basseterre, Federation of St. Kitts and Nevis, founded in September 1971 and listed on the Eastern Caribbean Securities Exchange under ticker SKNB. Operating under a Banking License from the Eastern Caribbean Central Bank and USA Patriot Act certification, the bank serves individual consumers, small and medium enterprises, corporates, and government entities through 6 branches across St. Kitts and Nevis, 25+ ATMs, mobile and online banking, a Self-Service Center, and merchant acquiring/POS infrastructure.

The product portfolio spans four mortgage products (SWITCH, APEX, WOW, OWN) with rates starting at 3.99% p.a. and tenors up to 40 years; personal, vehicle (NEW and VROOM), consumer, land, student, and overdraft facilities; business financing via Business Start-Up, Business Flex, corporate, and small business loans underwritten in part through the Eastern Caribbean Partial Credit Guarantee Corporation; and card products on Visa (Gold, Platinum, Business, Debit, Business Debit) and Mastercard (Prepaid, Gift). Savings and deposit products include e-Banking, Regular Savings, Target Savings, Horizon 60 for seniors, Future Planner for minors, Fixed Deposits, and Chequing Accounts. The technology stack is built around a core banking platform that is undergoing a major upgrade announced in May 2026, with AXIUM DX8000 Android-based POS terminals and NMI/Iframe/SOAP integrations enabling merchant e-commerce acquiring.

The bank earns revenue primarily through net interest income on its lending book, transaction and service fees, card interchange and ancillary card fees, foreign exchange spreads across USD/CAD/GBP/EUR/BDS, and brokerage commissions as a licensed broker on the Eastern Caribbean Securities Exchange. Distribution combines direct-to-consumer branch and digital channels, dedicated merchant services and small business hub field sales, and channel partnerships with the ECPCGC and ECSEC. Leadership includes CEO Donald Thompson, CFO Anthony Galloway, CLO Ermelin Sebastian, CHRO Pansyna Bailey, CIO Quincy Prentice, and Chief Electronic Services Officer Bernice Grant Kelly.

Name

St. Kitts-Nevis-Anguilla National Bank

Legal name

St. Kitts-Nevis-Anguilla National Bank Limited

Website

https://sknanb.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

251–500 employees

Short description

St. Kitts-Nevis-Anguilla National Bank is a publicly listed Eastern Caribbean commercial bank serving consumers, SMEs, corporates, and government entities in St. Kitts and Nevis through 6 branches, 25+ ATMs, mobile and online banking, mortgages, loans, cards, and merchant services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

Keywords

• Retail banking services
• Commercial lending products
• Mortgage financing
• Deposit accounts
• Payment processing

Headquarters

HQ city

Basseterre

HQ country

St. Kitts & Nevis

Offices24 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 from Lending: Primary revenue stream from interest charged on mortgage products (SWITCH, APEX, WOW, OWN mortgages), vehicle loans (NEW Vehicle, VROOM), consumer loans, student loans, land loans, business loans, and overdraft facilities. The bank offers competitive rates including 3.99% p.a. for SWITCH and OWN mortgages, 10% p.a. for land loans.
2. Transaction and Service Fees: Fees charged for various banking services including in-branch transactions ($5 + VAT), ATM transactions (free for e-Banking accounts), wire transfers, standing orders, cheque books, bank statements, and card-related services. Monthly maintenance fees may apply for certain account types.
3. Card Income: Revenue from credit card annual fees, cash advance fees (either $10 or 5% of transaction), ATM withdrawal fees, prepaid card load fees ($2), monthly maintenance fees (1.50 for prepaid cards), and transaction MDR (merchant discount rate) for e-commerce.
4. Brokerage Services: Licensed brokers for the Eastern Caribbean Securities Exchange offering investment brokerage services with high confidentiality standards. Revenue generated through commission on securities transactions.
5. Foreign Exchange Revenue: Revenue from currency exchange services with spreads between buying and selling rates for USD, CAD, GBP, EUR, and BDS currencies.
6. Deposit Account Fees: Monthly service charges for regular savings accounts (with EC$100 minimum balance), foreign currency account maintenance, and various account-related services.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels9 records

Core offering

St. Kitts-Nevis-Anguilla National Bank is a publicly traded commercial bank offering retail and business banking services in the Federation of St. Kitts and Nevis. It provides mortgages, personal and vehicle loans, savings and chequing accounts, debit/credit cards, business financing, merchant payment processing, and licensed brokerage services through the Eastern Caribbean Securities Exchange.

Product overview

St. Kitts-Nevis-Anguilla National Bank operates as a comprehensive financial services institution offering a diversified portfolio of banking products and services. The bank provides four distinct mortgage products (SWITCH, APEX, WOW, OWN) for home financing and improvement needs, personal and vehicle loans (VROOM, NEW Vehicle, NOW Loans, Consumer, Land, Student), business financing (Business Start-Up Loan, Business Flex Loan, Corporate Loans, Small Business Loans), and credit cards (Visa Gold, Visa Platinum, Visa Business). Deposit products include savings accounts (e-Banking, Regular Savings, Target Savings, Horizon 60, Future Planner), Fixed Deposits, and Chequing Accounts with debit card options. Digital banking is delivered through Mobile Banking and Online Banking platforms with additional Self Service Center capabilities. Business services encompass E-Commerce Solutions with POS terminals (AXIUM DX8000), Virtual Terminals, Brokerage Services, and ECPCGC Loan Guarantee partnerships. The bank also offers specialized tools including mortgage repayment calculators and an affordability calculator.

Differentiator

Problem solved

Functional benefit

Products and services

• SWITCH Mortgage Residential mortgage refinancing product for switching from other lenders, financing up to $2M with terms up to 40 years and 3.99% interest rate for the first year.
• APEX Mortgage Mortgage product for graduates with bachelor's degrees or higher, covering up to $1M for home purchase, construction, debt consolidation, and related expenses with no down payment required.
• WOW Mortgage Home improvement loan with WOW Secured (up to $500,000 over 15 years) and WOW Unsecured (up to $100,000 over 10 years at 6.99% p.a.) options for property repairs and upgrades.
• OWN Mortgage Residential mortgage loan for acquiring or building a home, with funding up to $1M covering purchase, construction, student loans, land acquisition, and debt consolidation.
• NEW Vehicle Loan New vehicle financing up to $160,000 with repayment terms up to 8 years.
• VROOM Used Vehicle Loan Used vehicle financing covering up to 100% of vehicle value with repayment terms up to 7 years.
• NOW Loans Microloan product providing quick access to small cash amounts up to EC$40,000 with repayment terms up to 3 years.
• Consumer Loan Personal loan for vacations, home upgrades, medical expenses, and family planning, with customizable terms based on creditworthiness.
• Land Loan Land acquisition financing at 10% p.a. interest rate.
• Student Loan Higher education financing up to EC$145,000 with repayment terms up to 14 years.
• Overdraft (Line of Credit) Revolving credit facility designed around monthly salary with automatic offset against deposits.
• Business Start-Up Loan Small business financing for entrepreneurs aged 0-3 years covering equipment, leasehold improvements, inventory, and working capital at rates starting from 7.5%.
• Business Flex Loan Flexible business financing for existing businesses to expand, make leasehold improvements, or purchase equipment at rates starting from 6%.
• Corporate Loans & Overdraft Corporate financing solutions for business expansion, innovation, and growth capital with customized loan structures and overdraft facilities.
• Small Business Loan & Overdraft Customized financing and overdraft facilities for small businesses to manage cash flow, expand inventory, and address seasonal needs.
• Visa Gold Credit Card International credit card with competitive interest rates, unlimited reward points, and emergency medical services.
• Visa Platinum Credit Card Premium credit card with reward points, price protection, purchase protection, extended warranty, and auto rental insurance.
• Visa Business Credit Card Business credit card offering reward points, global acceptance, online shopping capability, and real-time transactional alerts.
• Visa Debit Card Debit card offering worldwide ATM withdrawals, everyday purchases, and online shopping with automatic deduction from primary deposit account.
• Visa Business Debit Card Business debit card enabling small and medium businesses to manage and access checking accounts for business expenses.
• Mastercard Prepaid Card Reloadable prepaid card accepted globally, supporting online purchases, bill payments, and point-of-sale transactions with fraud protection.
• Mastercard Prepaid Gift Card Gift card in denominations from EC$50-$1000, globally accepted and safer than cash, available at any branch.
• e-Banking Account Fee-free savings account with no minimum balance, no ATM transaction charges, and 24-hour access via mobile and online banking.
• Regular Savings Basic savings account with free Visa debit card, mobile and online banking access, and EC$100 minimum balance.
• Target Savings Goal-based savings account with pre-determined weekly, bi-monthly, or monthly deposits over 12 months, earning 2.25% interest p.a.
• Horizon 60 Savings account for customers aged 60 and over, earning 2.5% interest p.a. on balances up to $2M with no service charges for chequing.
• Future Planner Savings account for minors under 18 and parents saving for children's future, with quarterly interest payments and 10% refund on educational supplies.
• Fixed Deposits Term deposits in ECD (3, 6, or 12-month terms from EC$500) or USD (3 or 6-month terms from US$500) with no withdrawals before maturity.
• Chequing Account Transaction account with no monthly service charge, debit card, and free access to online and mobile banking.
• Mobile Banking Smartphone banking application available on iOS and Android enabling fund transfers, bill payments, credit card payments, account alerts, mobile top-up, e-statements, and electronic funds transfers.
• Online Banking Web-based banking platform providing fund transfers, account history, standing orders, stop payments, cheque book requests, debit card management, and international wire transfers.
• Self Service Center Online self-service portal enabling account opening, loan applications, card requests, standing orders, bank statements, and payment orders.
• AXIUM DX8000 Point of Sale Terminal Android-based POS terminal supporting EMV chip and pin, contactless, magstripe, digital wallets, and QR-code payments with PCI PTS v6 security.
• E-Commerce Solutions Online payment acceptance solution enabling businesses to process card payments through Iframe, SOAP/SSIX, or NMI gateway integration with PCI DSS compliance and fraud monitoring.
• Virtual Terminal Card-not-present payment solution enabling merchants to send digital invoices, payment links via social media, and integrate with shopping carts without physical terminal equipment.
• Brokerage Services Licensed brokerage services for the Eastern Caribbean Securities Exchange offering investment services with high confidentiality standards.
• ECPCGC Loan Guarantee Program Partnership with Eastern Caribbean Partial Credit Guarantee Corporation providing loan guarantees (up to 80%) for micro, small, and medium enterprises through Classic, Working Capital, and Start-Up Guarantee products.
• Small Business Hub Comprehensive small business support center providing tailored financial products, expert guidance, and dedicated support through Business Start-Up and Business Flex Loan products.

Quantifiable outcome

• 3.99% p.a. starting mortgage rate (SWITCH and OWN)
• +4 more outcomes

Segments7 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

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• Ministry of Environment, Climate Action and Constituency EmpowermentcoreStrategic or Co-development Partner · 5 June 2026Official Sustainability Partner for Environment Month 2026 and the Federation's Sustainable Island State Agenda (SISA). Partnership supports environmental stewardship and sustainable living through green financing solutions including eco-friendly home upgrades and green vehicle financing.
• Nevis Island Administration (NIA)coreStrategic or Co-development PartnerRenewed partnership to champion youth development. The bank supports youth initiatives and development programmes in collaboration with the Nevis Island Administration.
• Eastern Caribbean Securities ExchangecoreChannel Partner/ Reseller/ DistributorLicensed brokers for the Eastern Caribbean Securities Exchange offering a range of brokerage services with high confidentiality standards to help clients realize investment goals.
• VisacoreTechnology or IntegrationCard payment network partner providing Visa Gold Credit Card, Visa Platinum Credit Card, Visa Black Business Card, and Visa Debit Card products with global acceptance and security features including Verified by Visa and fraud protection.
• MastercardcoreTechnology or IntegrationCard payment network partner providing Mastercard Prepaid Card and Mastercard Prepaid Gift Card products with global acceptance, contactless chip technology, and fraud protection.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• National Bank of Dominica: Dominica-based commercial bank operating within the ECCU under similar regulatory framework - directly comparable as a single-jurisdiction OECS bank offering retail, mortgage, and SME products to a small island population.
• Bank of St. Lucia: Eastern Caribbean commercial bank of similar scale serving a single small-island OECS economy - one of the closest structural comparables as a domestically-focused, multi-branch commercial bank within the ECCU.
• Grenada Co-operative Bank: Grenadian commercial bank within the ECCU serving a similarly sized small-island economy - comparable as a domestic incumbent offering mortgages, consumer loans, and SME financing to retail and business customers.

Regional players

• National Commercial Bank Jamaica: Largest Jamaican commercial bank operating in a different Caribbean jurisdiction - comparable as a publicly listed Caribbean commercial bank with similar full-service retail/SME product mix, though serving a larger and non-ECCU market.
• Sagicor Bank Jamaica: Caribbean financial group with banking operations - thematically comparable as a regional Caribbean bank offering retail and SME products, though not directly competing in St. Kitts and Nevis.

Broad incumbents

• CIBC FirstCaribbean International Bank: Major Caribbean commercial bank with presence across multiple Eastern Caribbean jurisdictions - comparable as a regional full-service retail and commercial bank competing for similar deposit, mortgage, and corporate customers.
• Republic Bank Limited: Largest Caribbean banking group headquartered in Trinidad with operations across the ECCU including St. Kitts and Nevis - directly comparable as a multi-jurisdictional Caribbean commercial bank competing for the same retail, SME, and corporate customers.
• Scotiabank (Caribbean operations): Global bank with significant Caribbean branch network across multiple OECS economies - directly competes for retail, mortgage, and corporate customers with the advantage of broader international footprint and product depth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@StKittsNevisAnguillaNB
• Facebookfacebook.com/SKNANB
• Instagraminstagram.com/SKNANB
• LinkedInlinkedin.com/company/sknanb

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 St. Kitts-Nevis-Anguilla National Bank