PM Harris commends National Bank Group for successful performance

From the Office of the Prime Minister 

St. Kitts – The leading bank in both St. Kitts and Nevis and the Eastern Caribbean Currency Union – will hold its Annual General Meeting of Shareholders (AGM) today at 5 p.m. at the Park Hyatt Hotel. 

Ahead of the bank’s AGM, Prime Minister the Honourable Dr. 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 a press conference, Harris said that “the National Bank Group is reporting net income of [more than] $39.5 million for 2017 – far in excess of the reported $28.4 million in 2016. Net income is up 38 percent [from] the previous year, and the bank’s asset base grew by [more than] $100 million from $3.7 billion in 2016 to EC $3.8 billion in 2017.” 

Harris also noted yesterday that the liquidity of National Bank remains strong.