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ACB Caribbean is Here – Simply Smarter Banking

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Customers can step into the new look Antigua Commercial Bank (ACB) now trading as ACB Caribbean.

The sixty-five-year-old financial institution has unveiled its Brand Evolution to the people of Antigua and Barbuda.

In spite of the modern and fresh new image, the organization has not lost sight of its long-standing legacy of deeply rooted Corporate Responsibility.

The financial institution has generously contributed EC$100,000 to the ongoing Vaccination Programme of the Government of Antigua and Barbuda.

In a handover ceremony at the Office of the Prime Minster on Friday 19th March, ACB Caribbean’s General Manager, Ms. Joanna Charles, remarked: “ACB Caribbean is an indigenous financial powerhouse with years of generating wealth for the citizens of Antigua and Barbuda. We are known for our versatile and customized products and services, and our ongoing commitment to those we serve. In keeping with that legacy, I am proud to present the Government of Antigua & Barbuda with a cheque for $100,000.00 XCD today.”

Prime Minster Gaston Browne received the donation and expressed thanks and congratulations to Ms. Charles and the Management and Staff of ACB. “It is with thanks I accept this generous donation from ACB Caribbean.

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It is a significant contribution towards our efforts in keeping the people of Antigua and Barbuda safe during the pandemic.

ACB Caribbean is an example for all corporate citizens in Antigua and Barbuda, showing that their focus is not solely on corporate profitability, but also giving back to the communities in which they operate. Congratulations to you on your timely Brand Evolution as you expand into the OECS with the acquisition of the assets of RBC in Antigua and Barbuda and shareholding interest in RBTT Grenada.”

The bank’s goal is to take ACB Caribbean into the next century by using cutting-edge technology to drive its digital Banking mandate with a responsive and innovative suite of services, including online banking and a cutting-edge website. These changes allow the organization to adapt to the changing times and continuously provide Simply Smarter Banking solutions.

This brand refresh will expand to ACB Mortgage and Trust Company Limited and the soon to be acquired Royal Bank of Canada/ RBTT operations in Antigua and Grenada.

ABOUT ACB Caribbean

Antigua Commercial Bank Ltd., now trading as ACB Caribbean as at 22nd March, 2021, is the largest indigenous commercial bank in Antigua and Barbuda, with an asset base of over one billion Eastern Caribbean Dollars.

Incorporated on 20th October 1955, Antigua Commercial Bank Ltd. became the country’s first indigenous financial institution and public company and has since cemented its leading position within the banking industry of Antigua and Barbuda.

The bank’s operations started on 3rd January 1956, at its first location on Newgate Street in St. John’s and has expanded to its Head Office location on Thames & St. Mary’s Streets, St. John’s, modern facilities, that stand as a symbol of strength within the community.

Established in 1987, its wholly owned subsidiary, ACB Mortgage and Trust Company Limited, continues to be the leading mortgage company operating within the State, known for its commitment to excellent customer service. Other service facilities include the ACB Loans Centre, Village Walk Branch and Barbuda Agency.

ACB Caribbean, with its sixty-five years of distinguished service, is a proud corporate citizen, and is actively involved in the development of culture, sports, community development and education in the communities in which we operate.

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]