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The ECCB Assumes Control of Indigenous Banks in Anguilla

press conference photo
Press Conference held on 12 August 2013 at the Office of the Governor of Anguilla to announce the
Eastern Caribbean Central Bank's Assumption of Control of the Caribbean Commercial Bank (Anguilla) Ltd and the National Bank of Anguilla

L-R: Her Excellency Christina Scott - Governor of Anguilla; the Honourable Sir K Dwight Venner - Governor of the ECCB; Honourable Hubert Hughes - Chief Minister of Anguilla (Photo compliments the Anguillian Newspaper)

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).
Gazetted Notice

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.

  Click on Links to Open or Right Click on Links to Download Files to Your Computer
Official Statements Issued on 12 August 2013
Statement by the Chief Minister of Anguilla, the Honourable Hubert Hughes PDF
Statement by the Governor of the Eastern Caribbean Central Bank, the Honourable Sir K Dwight Venner PDF
  AUDIO: 4.4MB
Statement by the Governor of Anguilla, Her Excellency Christina Scott PDF
  AUDIO: 2.3MB
Statement by the Chairman of the Monetary Council, the Right Honourable Dr Denzil Douglas PDF
  AUDIO: 5.9MB
Statement by the Chairman of the Monetary Council Ministerial Sub-Committee on Banking,
Dr the Honourable Kenny G Anthony PDF
  AUDIO: 4.9MB
Other Statements

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