Top Banks in Trinidad and Tobago

Overview of Trinidad and Tobago's leading financial institutions

Overview of Banks in Trinidad and Tobago

Established in 1964, the Central Bank of Trinidad and Tobago (CBTT) is the second-oldest central bank in the English-speaking Caribbean, next only to the Bank of Jamaica (1960). The CBTT determines rates and reserve requirements, formulates monetary policy, and oversees financial institutions and banks in Trinidad and Tobago.

The country’s banking sector comprises eight commercial banks, which employ around 7,400 staff and manage a total of 123 branches and around 250 ATMs across the island.


Banks in Trinidad and Tobago


In 2017, Moody’s Investors Service downgraded Trinidad and Tobago’s issuer and senior unsecured debt ratings from Baa3 to Ba1. The rating agency also gave a stable outlook on the Ba1 rating, taking into account the government’s substantial fiscal buffers, as well as moderate external risks.

For anyone considering a banking career in Trinidad and Tobago, this list of banks in Trinidad and Tobago is a helpful guide on where to start. To learn more, see our list of financial institutions.


The Top Banks in Trinidad and Tobago:


Bank of Baroda (Trinidad and Tobago)

Founded in 2007, Bank of Baroda (Trinidad and Tobago) operates as a fully owned subsidiary of India’s Bank of Baroda. This is one of the banks in Trinidad and Tobago that services the retail, corporate, SMEs, mortgage, and forex sectors in the country.


CIBC FirstCaribbean International Bank

CIBC FirstCaribbean International Bank is the biggest, regionally-listed bank in the Dutch- and English-speaking Caribbean. The bank’s market-leading financial services include Retail and Platinum Banking, Corporate Banking, Credit Cards, Investment Banking, and Treasury Sales and Trading. It is part of the CIBC Group, overseeing two Corporate and Investment Banking offices, two Platinum Banking Centers, and three ATMs in the country.

Revenue: USD 443.67 million (2017)

Net income: USD 141.52 million (2017)

Total assets: USD 12.25 billion (2017)



Formerly known as The United Bank of Trinidad and Tobago, Citi started its operations as one of the banks in Trinidad and Tobago in 1965. The bank offers a wide range of financial services and solutions, including corporate finance, project finance, electronic banking, and web-based solutions, trade finance and trade services, derivatives, commercial lending, cash and treasury management, and financial advisory services. Headquartered in Port of Spain, it is part of Citicorp Merchant Bank Limited.


First Citizens Bank

First Citizens Bank is the biggest unit of the First Citizens Group, one of the banks of Trinidad and Tobago that is a leading financial services company. The group provides a wide range of retail, merchant, and corporate banking services, as well as brokerage, trustee, and asset management services.

Revenue: TTD 1.69 billion (2017)

Net income: TTD 642 million (2017)

Total assets: TTD 38.96 billion (20717)


JMMB Bank (Trinidad and Tobago)

Established in 1998, JMMB Bank (Trinidad and Tobago) offers a broad portfolio of banking services and products to its clients across the country. Formerly called Intercommercial Bank Limited (IBL), the bank operates as a subsidiary of JMMB Group, one of the biggest financial services providers in the region. It manages four branches of banks in Trinidad and Tobago, in the following locations: Port of Spain, Marabella, and Tunapuna.

Revenue: TTD 63.8 million (2016)

Net income: TTD 13.2 million (2016)

Total assets: TTD 1.72 billion (2016)


RBC Royal Bank

RBC Royal Bank’s existence in Trinidad and Tobago dates back to 1902. The bank oversees a network of 25 branches and 93 ATMs, supported by internet banking and fully automated telephone services. It is a member of RBC Caribbean Banking, one of the region’s leading diversified financial services providers.


Republic Bank

Originally called Colonial Bank, Republic Bank was founded in 1837, making it the oldest of the commercial banks in Trinidad and Tobago. Along with the other banks in the Republic Group, Republic Bank is owned by Republic Financial Holdings Limited (RHFL). The group offers merchant banking, leasing, trustee services, debit and credit card issuance and processing, and mutual fund and investment management services. The bank’s network comprises 41 branches and 132 ATMs in 84 locations.

Revenue (RHFL): TTD 3.8 billion (2017)

Net income (RHFL): TTD 1.25 billion (2017)

Total assets (RHFL): TTD 68.89 billion (2017)


Scotiabank Trinidad and Tobago

Scotiabank commenced banking operations in Port-of-Spain, Trinidad in 1954, offering a wide range of commercial, retail, and cash management services to its clientele. Today, the bank employs about 1,350 individuals and manages 24 branches, 96 ATMs, and five sales centers strategically located throughout the country. Scotiabank Trinidad and Tobago is part of Canada-based Scotiabank, which is also one of the leading banks in the Caribbean and Central America.

Revenue: TTD 1.26 billion (2017)

Net income: TTD 657.66 million (2017)

Total assets: TTD 24.39 billion (2017)


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Additional Resources

This has been a guide to the top banks in Trinidad and Tobago. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources:

  • Top banks in Canada
  • Top 100 investment banks
  • Investment banking interview questions
  • Walk me through a DCF
  • Financial modeling guide

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