The Eastern Caribbean Central Bank (ECCB), after due consultation with the Monetary Council, has been directed to exercise the powers conferred on it by Part IIA, Article 5B of the ECCB Agreement Act 1983, and on 12 August 2013, assumed control of the two indigenous banks which operate in Anguilla - the Caribbean Commercial Bank (Anguilla) Ltd (CCB) and the National Bank of Anguilla Ltd (NBA).
Please click here for the Official Statements which were issued on 12 August 2013.
The Leader of the Opposition in Anguilla Mr Evans McNeil Rogers, the Chamber of Industry and Commerce, the Anguilla Social Security Board and Former Chairman of the NBA - Mr Ralph Hodge have publicly expressed support for the ECCB's intervention of the two indigenous banks in Anguilla. Read Statements
At the end of the week following the ECCB's assumption of control, Chief Minister of Anguilla, the Honourable Hubert Hughes, expressed thanks to the depositors creditors and shareholders of the Caribbean Commercial Bank (Anguilla) Ltd and the National Bank of Anguilla Ltd for their undeniable demonstration of understanding, patience and support of the ECCB and its team of trained and experienced professionals as they commenced the process of restructuring, stabilising and strengthening the country's two indigenous banks. Click to listen, view or read the Chief Minister's statement.