Innovating to Serve You Better

At the Antigua Commercial Bank Group, we are cognizant of the fact that “Banking” for our customers, is much more than acquiring a loan, having a chequing account or saving for a rainy day. We have listened to our customers and recognize that they rely on us to assist them in achieving their financial goals.

We are in the business of helping our customers realize their dreams. We encourage our customers to dream big, knowing that the ACB Group supports them every step of the way.

Whether their individual ambition is to obtain the home of their dreams or to start and grow their own business, we stand committed to supporting our stakeholders, ensuring that they fulfil their dreams.

Mission, Vision & Philosophy

OUR MISSION

At ACB, we aim to be the leading financial and related services provider by exceeding our stakeholders’ expectations through exemplary service, innovative products and adapting to an ever changing environment.

OUR VISION

To be the premier financial and related services provider to each client we serve worldwide, creating wealth and opportunities for all stakeholders in an ever changing environment.

OUR PHILOSOPHY

We believe that we were created to be an essential contributor to the life of our stakeholders. In this pursuit of our Vision we will be continually guided by the following principles:

  • - Focus on creating wealth;
  • - Transparency in all we do;
  • - Good customer relations;
  • - Decision making that is research driven, timely and prompt;
  • - A continuous pursuit of the spirit of enterprise;
  • - Caring and respect for the individual;
  • - Good corporate citizenship;
  • - Enduring sustainability.

CHAIRMAN’S MESSAGE

The Economies of the Eastern Caribbean Currency Union (ECCU) have continued to be challenged with lower than expected growth of 2.9% against a target of 5%. This performance is largely attributed to deteriorating fiscal positions, high levels of unemployment, reduced foreign direct investment and risks associated with climate change. Despite the resilience of the ECCU being tested, external economic indicators are trending in the right direction, suggesting some level of recovery, with projected regional growth of 3.8% in 2019 (ECCB). Read More

LORRAINE RAEBURN Chairman

Management’s Discussion & Analysis

The Eastern Caribbean Central Bank (ECCB) report for the first half of 2018 predicts an expansion in the economic activity in the twin island state of Antigua & Barbuda which is expected to be sustained for the second half. The growth in the global economy is expected to trickle down to the Eastern Caribbean Currency Union (ECCU) territories resulting in real GDP growth at market prices of 2.9% in 2018 for Antigua & Barbuda. This is owing to the increased activities in the tourism and construction sectors.Read More

PETER N. ASHE Acting General Manager

BOARD AND MANAGEMENT

BOARD OF DIRECTORS - ANTIGUA COMMERCIAL BANK LTD. AS AT SEPTEMBER 30, 2018

Lorraine Raeburn Chairman

Craig J. Walter Vice-Chairman

Mavis George Vice-Chairman

Reginald PetersonVice-Chairman

Sharon Matthew-Edwards Director

Sandra DerrickDirector

Valerie Jeffery Director

Cassandra P. SimonDirector

Adekunle Osoba Director

C. Davidson CharlesDirector

BOARD OF DIRECTORS - ACB MORTGAGE & TRUST COMPANY LIMITED AS AT SEPTEMBER 30, 2018

Peter Blanchard Chairman

Craig J. Walter Director

Mavis George Director

Lorraine RaeburnDirector

Reginald Peterson Director

Sharon Matthew-EdwardsDirector

MANAGEMENT TEAM - ANTIGUA COMMERCIAL BANK LTD. AS AT SEPTEMBER 30, 2018

BARBARA HUME General Manager

PETER N. ASHE Manager- ACB Mortgage & Trust Company Limited Acting General Manager

RHODETTE PAIGE Legal Counsel/ Corporate Secretary

AUSTEN GITTENS Chief Internal Auditor

HERMINE THOMASManager Risk & Compliance

JOYANNE BYERS Finance and Accounting Executive

M. ARLENE EDWARDS Manager Corporate Banking

JONATHAN LINDSAY Manager Customer Relations & Service Quality

SIDLOW FRANKMIS Manager

SHERENE BIRD Human Resources Executive

HEIDI WESTE Manager - Retail Lending & Recoveries

SETH BURTON Marketing & PR Executive

HELEN J. LOOBYOperations and Accounting Officer

MARIA ABRAHAM Audit Officer

VAUGHN JOSEPH Finance and Accounting Officer

LOIS TEAGUE Assistant Manager Customer Relations & Service Quality

COLLIN R. MAYNARDCompliance Specialist

SHARON NATHANIEL Corporate Accounts Executive

ALAN B. SCHOLL Project Manager

Summary Consolidated Financial Statements

FINANCIAL HIGHLIGHTS

The Group’s Net Profit After Tax was $19.7 million. There were both positive and negative factors which contributed to our performance for the year and these are further discussed below.

gross interest income

Interest income mix

2018

2017

INTEREST EXPENSE

PROFIT FOR THE YEAR

EARNINGS PER SHARE

LOANS AND ADVANCES

DEPOSIT GROWTH

2018 AGM Highlights

PRESS RELEASE

The 63rd ANNUAL GENERAL MEETING of Shareholders of ANTIGUA COMMERCIAL BANK LTD. was held at the Sandals Grande Antigua Resort & Spa, Dickenson Bay, St. John’s, Antigua, on Friday December 21, 2018.

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