Members of the Bankers’ Association celebrated reading month in May by visiting schools around the island, reading with students, and distributing gift bags.

Republic Bank visited the Babonneau Primary School, while Bank of Saint Lucia visited schools in the Vieux Fort district.

Global Supply Chain Shocks and Disruptions

On 23 March 2021, traffic through the Suez Canal ground to a halt causing a backlog of container ships from Asia to Europe and giving way to another round of uncertainty in the global supply chain. This followed on the disruptions and pressures arising from the fallout caused by the worldwide spread of the coronavirus. Global supply chain crisis is not new. The global supply chain has been impacted over the years by various factors such as a shortage of inputs and fuel, wars and geopolitical tensions, and climatic conditions. However, never has the supply chain been more tested than now, due to the COVID-19 pandemic. The global pandemic has revealed the fragility of the supply chain and the resulting impact on our lives and livelihoods.

Read the full article on the ECCB website here.

The Bankers’ Association of Saint Lucia recently held a prize-giving ceremony for its Essay Competition, with the theme of “The impact of COVID-19 on my family finances and how I have adapted to the new normal”.

2021 Financial Information Month Virtual Business Symposium

Minding Your Business: How Small Businesses Can Stay Afloat in Tough Times

Moderator: Kevin Hope, Executive Director – St Kitts and Nevis Chambers of Commerce

Financial Information Month is held every October under the oversight of the EECB. In the last few weeks, the Bankers Association of Saint Lucia has provided support to the less fortunate within our community, including homes for the elderly and preschools, such as that run by the Sisters of Mother Theresa on Hospital Road.

In the images below, members of staff from 1st National Bank (St. Lucia) Ltd. engage in virtual reading sessions at local schools…

…while the images below show members of staff from CIBC First Caribbean engaged in a virtual reading session at the Gros Islet Primary School…

…and the images below show team members of the Bankers Association on a donation drive in Vieux Fort…

It’s the final week of Financial Information Month Activities 2021. Here is your weekly guide of what is taking place across the Eastern Caribbean Currency Union this week.

Financial Information Month is held every October under the oversight of the EECB. In the last few weeks, the Bankers Association of Saint Lucia has provided support to the less fortunate within our community, including homes for the elderly and preschools, such as that run by the Sisters of Mother Theresa on Hospital Road.

The videos below are of members of the Association donating items to the Holy Family Children’s Home.

Financial Information Month is held every October under the oversight of the EECB. In the last few weeks, the Bankers Association of Saint Lucia has provided support to the less fortunate within our community, including homes for the elderly and preschools, such as that run by the Sisters of Mother Theresa on Hospital Road.

Here is a look at Financial Information Month activities taking place across the Eastern Caribbean Currency Union this week 11 to 15 October, 2021.

On 30th July 2021, The ECCU Bankers Association elected a new executive to run its affairs and St Lucian Carol Mangal became its 7th President. Mangal is the first female to lead this organization.

Mangal, a career Banker with over 33 years’ experience in the industry, is currently the President of the St Lucia Bankers Association.

Under her leadership, the Bankers Association of St. Lucia has found renewed purpose and direction and may be considered a model for other bankers associations in the region; there is an increased level of engagement with members and other stakeholders, such as the government and other interest groups as the association works collaboratively to solve some of the island and region’s current burning issues.

ECCU Bankers Association was established in 2004 under the Presidency of Hugh F Pinard, to promote, foster and advocate for the common interest of banking institutions and the banking industry generally in the countries of the Eastern Caribbean Currency Union. The Association is made up of Bankers Associations in the Currency Union islands of Anguilla, Antigua & Barbuda, Dominica, Montserrat, Grenada, St Kitts & Nevis, St Lucia and St Vincent & The Grenadines. Past Presidents of the ECCU Bankers Associations were:

Hugh Pinard
Michel D. Williams
Derry Williams
Andy Delmar (deceased)
Roger Archer
Michael Spencer

The full executive which will serve for a two year term comprises

Carol Mangal – President (St Lucia)

Derry Williams – Vice President (St Vincent)

Baldwin Taylor – Secretary (Montserrat)

Steve Farier – Treasurer (St Kitts & Nevis)

Mangal takes on the mantle as President of the ECCU Bankers Association at unarguably the most challenging time since its formation with the COVID-19 pandemic still wreaking havoc across our economies and impacting lives.

The ECCU Bankers Association is now in unchartered waters as it focuses on how best it can assist the citizenry in the ECCU through the granting of moratoriums and restructuring of debts which are critical to the maintenance of income stability and the recovery of the economies of our member states.

The Bankers Association of St Lucia congratulates our President on her recent appointment and wishes her success in the role.