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The bank was created by merger between West Indies branches of Canadian Imperial Bank of Commerce and Barclays PLC. Each of the two does have 45% of shares in the Caribbean bank, and the remaining shares are traded on the local stock exchanges. This is the largest locally listed bank in the Caribbean based on market capitalization, with some US $9 billion in assets, 3,300 staff and over 700,000 accounts. The bank offers fixed term deposits (min. US$10,000) in most major currencies for a term of seven days to a year. We can also arrange a secured US$ Visa card issuance with this bank. The security deposit must 1,5 times exceed the desired credit limit. The International mortgage provides the clients with flexible finance at international rates in such world class tourist destinations as Barbados, British Virgin Islands, The Cayman Islands, The Turks & Caicos Islands. The accounts with the bank can be managed by fax. The minimum opening and further balance for corporate accounts is US$10,000 and US$15,000 for personal accounts. We can provide a corporate account opening in the BVI (for BVI companies) and Bahamas (for Bahamas companies). In both cases the companies must be formed through our office to meet all requirements. Companies with issued bearer shares or allowing issuance thereof are not accepted. DUE DILIGENCE REQUIREMENTS FOR ACCOUNT OPENING
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