Firm in Focus - First Caribbean International Bank
As of the third quarter of FY2013 (July 31st), CIB reported net earnings of just $11.76M; con-tinuing to significantly underperform (-$34.37M or 74.51%) last year’s comparable. Net inter-est income for the period trailed by -$6.64M (-6.28%) to $99.07M as both interest income (-$11.61M or –9.14%) and interest expenses (-$4.97M or –23.35%) declined as the bank scaled back on both its deposit rates and lending activities. FIF_FIRSTCARIBBEAN_BANK_-_Newspaper_Research_Update_Oct_2013_web Click here for full Investment Update

CFAL, Third Floor, 308 East Bay Street, P.O.Box: CB 12407, Nassau, New Providence, The Bahamas. Tel: 242-502-7010