List Of Commercial Banks In Antigua And Barbuda

Antigua as well as Barbuda is a tiny island nation that is located on the Caribbean Sea. It has a variety of commercial banks offering an array of financial services for individuals as well as companies. Here’s some information on commercial banking institutions in Antigua as well as Barbuda:

1. The number of banks: Antigua and Barbuda has six commercial banks that operate within the country.
2. The types of service: Commercial banks of Antigua and Barbuda provide a variety of financial products to their customers, which include savings and checking accounts as well as mortgages, loans credit cards, online banking.
3. Regulatory Organization A Regulatory Body Eastern Caribbean Central Bank (ECCB) is the body responsible for regulating the activities of all banks operating in Antigua as well as Barbuda. The ECCB is accountable to ensure that banks function in a safe and sound way and are in compliance with all regulations and laws.
4. Currency: The currency of the government for Antigua as well as Barbuda can be described as the Eastern Caribbean dollar (EC$) which is linked against the US dollar at the fixed cost of EC$2.70 to $1 US dollars.
5. Deposit Insurance Deposit Insurance: Eastern Caribbean Deposit Insurance Corporation (ECDIC) offers deposits insurance for customers of commercial banks located in Antigua as well as Barbuda. The ECDIC is accountable to ensure that its customers are covered in the case of bank failure.
6. Competition The banking industry for commercial customers of Antigua as well as Barbuda is extremely competitive, with many international banks operating within the country. This has resulted in various new services and products being provided to clients.

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