Caribbean Association of Indigenous Banks Inc. - Bank Members- Turks & Caicos

TCI Bank Limited

Acting Managing Director: Mr. Henley Richardson

PO Box 643, Butterfield Square, Leeward Highway

Providenciales, TURKS & CAICOS

Tel: (868) 645 1174, 1610, Fax: (868) 645 6017

E-Mail: henley.richardson@tcibankltd.com

TCI Bank Ltd was incorporated on August 17^th 2005 and opened its doors to the general public on December 5^th, 2005 with total assets of US$3.0 million. It is the first and only indigenous commercial bank in the Turks & Caicos Islands (TCI). Within two and a half years of its opening, the Bank’s assets reached US$135 million, ranking fourth in size out of six banks in the TCI. It has the distinction of being the only commercial bank ever to operate on the sister island of North Caicos. TCI Bank competes on the basis of service differentiation, with most services offered through private banking suites. The Bank posted its first profit (circa US$500,000) at the end of its second financial year and has its sights set on becoming the pre-eminent financial services provider in the TCI by June 2011, the end of its fifth financial year. TCI Bank is a member of the ECIC Group of Banks, a predominantly Eastern Caribbean group of independent sub-regional banks with strong operational ties, a common strategic focus and equal shareholdings in ECIC Holdings Limited. The Bank, with a staff complement of (61) operates from (4) locations viz Down Town, Providenciales, Grace Bay, Grand Turk and North Caicos. (6) ATMs have been strategically placed throughout the Turks & Caicos Islands. As at June 2008, it had an audited asset base of US$136 million.