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| East Caribbean Financial Holding Company Limited |
Issue No. 1 |
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Dear Reader,
Welcome to the first issue of In Touch!, ECFH's e-newsletter that is your monthly guide to all the significant and latest developments in the ECFH Group. In Touch gives you the most up-to-date and relevant information on what's happening with ECFH and its subsidiaries, projects and initiatives. We promise to keep you in the loop with all things ECFH!
Sincerely,
Marketing & Corporate Communications
East Caribbean Financial Holding Company Limited |
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About Us
The East Caribbean Financial Holding Company (ECFH) was the product of a 2001 merger of two financial institutions, the largest commercial bank and the sole development bank in Saint Lucia. The merger objectives were to provide a broader range of banking, financial and related services at a lower cost and a higher level of efficiency than was previously provided by these institutions operating independently. The Group instantly became Saint Lucia's leading financial institution. Today, the Group enjoys a 40% share of the banking market and dominance in many areas. ECFH strives to achieve the following goals:
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Serving as an efficient and complete financial service provider of general insurance, offshore banking and domestic banking
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Encouraging and mobilizing savings
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Financing commercial, personal and development loans
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Developing relevant financial products and services to serve the needs of the economy
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Promoting economic development
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Facilitating the growth of the nascent capital market
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Fostering entrepreneurship
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Taking a lead in positively influencing the financial sector in particular, and the economy in general
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ECFH Global Investments Delivers for the Government of Saint Lucia
ECFH Global Investment Solutions Limited (ECFH Global Investments), the newest subsidiary of the East Caribbean Financial Holding Company Limited (ECFH), has delivered for the Government of Saint Lucia.
Acting as the Lead Broker ECFH Global Investments worked closely with its fellow brokers throughout the region to successfully arrange the Government of Saint Lucia US$16.379M 7.25% 6-Year Fixed Rate Bond on the Regional Government Securities Market (RGSM) utilizing the Eastern Caribbean Stock Exchange (ECSE).
The bond, which was over-subscribed, was issued via a fixed rate auction on the ECSE. The issue opened on February 12th, 2010 and closed at 1:00 p.m. on February 15th, 2010, with a total of thirty-three (33) bids submitted by regional brokers ranging from US$5,000.00 to US$3M.
ECFH Global Investments was incorporated in July 2008 as a full service broker-dealer, with a mandate to assist in the further development of the local and regional financial and capital markets. The company offers a comprehensive range of capital market services, merchant banking, custody / trustee services and financial product development. |
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ECFH Donates $136,000 to Sir John Monument
The East Caribbean Financial Holding Company (ECFH) is a platinum sponsor of the Government of Saint Lucia initiative to construct a monument to the late Sir John Compton, former Prime Minister of Saint Lucia. ECFH made the $136,000.00 donation officially at a brief ceremony on Thursday at the ECFH Financial Centre on Bridge Street. Chairman of ECFH, Mr. Victor Eudoxie handed over the contribution to Senator the Honourable Guy Mayers who is Chairman of the Sir John Compton Legacy Committee that is coordinating the project.
In his remarks, Senator Mayers praised ECFH for being the first member of the corporate community to respond to the Government's request for financial assistance towards the project. He commended the Group's Chairman for the company's promptness and willingness to contribute at the highest level of sponsorship. Mr. Mayers hoped that other private entities would follow ECFH's example.
Mr. Eudoxie expressed the Group's unwavering commitment to the proposed monument to Sir John and said that there was never a question of ECFH's support of such an initiative. He stated that "As a wholly indigenous company, ECFH, felt that it was imperative that we contribute to this vital undertaking by the Government of Saint Lucia. Our vision states 'Global growth from local roots' and this initiative allows us to honour our commitment to the latter part of this vision...our roots, our history".
The monument of Sir John will take the form of a nine-foot bronze statue of the late Prime Minister and it will be built by renowned Saint Lucian sculptor, Ricky George. It is expected to be completed sometime in 2011. | |
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ECFH comes to Haiti's aid
The East Caribbean Financial Holding Company, (ECFH), has pledged $100,000.00 to the earthquake-struck island of Haiti. The island was rocked by a 7.0 earthquake yesterday and there are reports that the devastation is vast with thousands of people feared dead and up to 3 million affected by the impact of the quake.
As a regional financial institution, ECFH feels a philanthropic duty to offer its support to a sister island that has suffered such tremendous loss. The company's Board of Directors took the decision to make this contribution shortly after reports of the destructive earthquake's impact on Haiti hit the airwaves. A special account will be opened at Bank of Saint Lucia Limited so that individuals can also make their personal contributions to the relief effort. The company has contacted the National Emergency Management Organisation (NEMO) who is coordinating the national response to the crisis and informed them of its pledged contribution.
This swift response by ECFH represents its commitment and desire to assist Haiti in its relief efforts in the wake of what can only be described as a real tragedy for the people of that country. The earthquake is said to be the largest to hit Haiti in two hundred years.
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ECFH CLOSING PRICE
EC$14.50
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Bank of Saint Lucia Tells Customers to "Take Back Your Time"!
For many Saint Lucians, modern life means having too many tasks to do with too little time. People find themselves rushing through their days trying to accomplish as many things as possible. Bank of Saint Lucia has been working hard to make life less cluttered for its customers and its brand new advertising campaign is appealing to Saint Lucians to "Take Back Your Time". The bank's latest campaign features its entire suite of convenience banking products which gives customers a multiplicity of ways to get their banking done without ever coming into the bank and having to join a queue. With Bank of Saint Lucia's wide range of convenience banking products, people can save valuable time and do the things that they actually enjoy.
Bank of Saint Lucia's convenience banking products include its over twenty ATMs and cash dispensers (Quick Ca$h); online banking (Complete Online Banking); telephone banking service (Telebank); Visa International Debit Card (IDC) and credit card; wireless point-of-sale service (Swipe on the go) and its most recent addition, Bank of Saint Lucia Mobile Banking. This suite of products and services covers the entire range of available technology that customers can access to carry out their banking transactions at their convenience.
Bank of Saint Lucia's 'Take Back Your Time' campaign will be featured on television, radio, print and the bank's website (www.bankofsaintlucia.com). |
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