Saint Lucia Banking involves Eastern Caribbean Central Bank and seven commercial banks. Saint Lucia banking operations are spread out in the cities of Castries (capital of Saint Lucia), Vieux Fort, Rodney Bay and Soufriere. The seven commercial banks with branches throughout the island of St. Lucia provide banking facilities to local inhabitants and tourists alike.
Eastern Caribbean Central Bank in Saint Lucia
Eastern Caribbean Central Bank is the banker's bank in Saint Lucia and controls all banking activities. Established in October 1983, this Central Bank is the monetary authority for eight Caribbean authorities, namely, Saint Lucia, Saint Vincent and the Grenadines, Saint Kitts and Nevis, Grenada, Montserrat, Commonwealth of Dominica, Anguilla, and Antigua and Barbuda.
The functions of Eastern Commercial Central Bank include:
- Promotion and maintenance of monetary stability
- Credit control and regulation of money
- To help in establishing a strong financial framework for balanced economic growth and development of the eight participating nations
- Promoting a stable credit and exchange mechanism
Eastern Caribbean Central Bank is located in Financial Center, Bridge Street, Castries, Saint Lucia.
Saint Lucia Banks
There are seven commercial banks operating in Saint Lucia. These banks offer all banking facilities to its individual and corporate customers. Tourists can avail of the currency and check exchange facilities offered by these banks. The Saint Lucia commercial banks are:
- Barclays Bank Plc. having 22 branches in Castries, Vieux Fort, Rodney Bay, Barfincor;
- National Commercial Bank of St. Lucia Ltd. operating through 7 branches in Castries, Vieux Fort, Soufriere, Gros Islet;
- St. Lucia Co-operative Ltd. officiates 6 branches in Castries, Rodney Bay, Vieux Fort;
- Royal Bank of Canada has 5 working branches in Castries, Rodney Bay, Vieux Fort;
- Caribbean Banking Corporation Ltd. operates 4 branches in Castries, Vieux Fort;
- The Bank of Novia Scotia operates through 4 branches in Castries, Vieux Fort, Rodney Bay
- Cibc Caribbean Ltd. has 2 branches in Castries and Vieux Fort
Saint Lucia Banking is well spread out and extends all commercial facilities to its local and overseas customers. A smooth banking operation makes the journey of the tourist more enjoyable.
