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FirstCaribbean’s Cayman Islands division wins bank award

FirstCaribbean in The Bahamas was bumped out of first place this year as its Cayman Islands division racked up the prestigious Bracken Bank of the Year title from acclaimed magazine, The Banker.

“The global economic recession has impacted all types of business throughout The Cayman Islands and the entire region, with FirstCaribbean not being immune,”said Managing Director of the bank in The Cayman Islands, Tom Crawford.”During this period, we have sought to create avenues to enhance our shareholders’return with social responsibility and providing our customers with banking solutions that will help them achieve what matters to them.”

The Bracken awards are regarded as one of the industry standards for banking excellence, subscribed to by the world’s leading financial institutions. The Banker is published by the Financial Times of London.

The Bank of the Year 2010 Awards are the culmination of another year of solid performance by FirstCaribbean in The Cayman Islands. Institutions are judged on their ability to deliver shareholder returns and to gain strategic advantage.

Since its inception, FirstCaribbean has received numerous awards from The Banker. In 2009, it was named Bank of the Year for its operations in The Bahamas. In 2008, both The Bahamas and Barbados divisions shared top honors. Prior to this, The Bahamas has been joint recipients with The Cayman Islands and Jamaica. FirstCaribbean in Barbados has also been named Bank of the Year in the region.

The Bracken award is named after Brendan Bracken, the founding editor of The Banker.

First published in January 1926, The Banker is one of the world’s leading financial journals, providing a truly global perspective through its coverage of over 120 countries during the year. News articles include coverage of retail and investment banking, capital markets, FX(foreign exchange)and treasury, global securities services and banking technology, as well as country and regional surveys. The bank’s win will be featured in the December issue of The Banker. This year’s awards ceremony took place at the Intercontinental Hotel on Park Lane in London on December 2.

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