St. Kitts-Nevis-Anguilla National Bank Limited (SKNANB) – the leading bank in both St. Kitts and Nevis and the Eastern Caribbean Currency Union – will be holding its Annual General Meeting of Shareholders (AGM) today at the Park Hyatt Hotel from 5:00pm.
Ahead of the Bank’s AGM, Prime Minister Dr. the Honourable Timothy Harris commends its Board of Directors, staff and large customer base on another successful year.
Prime Minister Harris, who serves as the Federation’s Minister of Finance, hails the companies that make up the National Bank Group as “outstanding showpieces of indigenous efforts in support of nation building.”
The subsidiaries of SKNANB include National Bank Trust Company (St. Kitts-Nevis-Anguilla) Limited, National Caribbean Insurance Company Limited and St. Kitts and Nevis Mortgage and Investment Company Limited (MICO Ltd), which is the newest member of the National Bank Group of Companies.
Yesterday, at his well-received press conference, the Honourable Prime Minister said that, “The National Bank Group is reporting net income of over $39.5 million for 2017 – far in excess of the reported $28.4 million in 2016. Net income is up 38 percent over the previous year, and the Bank’s asset base grew by over $100 million from $3.7 billion in 2016 to EC $3.8 billion in 2017.”
Prime Minister Harris also noted yesterday that the liquidity of National Bank remains strong.