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.
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.
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.
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:
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
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
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.
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.