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St Kitts-Nevis Anguilla National Bank Group of companies Records Best Financial Performance in Years . AGM Set For April 27th

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The election of a new Team UNITY Administration ,  the installation of a new board of directors and the hard work of Senior Management  is continuing to be  a good combination  for the St.Kitts-Nevis Anguilla National Bank Group. The St.Kitts-Nevis Anguilla National Bank Group of Companies is again performing well and has  recorded one of it’s best years ever for the financial year 2016. The Bank recorded a Net Operating profit of $28.4 Million which is an increase of 10% over the same financial period in 2015.  This announcement was made by St.Kitts-Nevis Prime Minister and Minister of Finance Dr. Hon. Timothy Harris at his Monthly Press Conference.

Prime Minister Harris stated “St Kitts-Nevis Anguilla National Bank Group of companies has recorded one of its best years. For the financial year ended 2016, National Bank group recorded one of its best normal net operating profit of $28.4 million. This represents an increase of 10.1% percent over the comparative period for the financial year ended 2015. Indeed, National Bank group’s profits for the last 5 financial years are as follows:

Profits approximated:

 

2016 – $28.4 million

2015 – $25.8 million

2014 – $25.3 million

2013 – $22.0 million

2012 – $14 million .”

 

The Prime Minister also announced that the Bank has paid an interim dividend and will hold it’s AGM onApril 27th 2017.

Prime Minister Harris declared “ Our National Bank Group of Companies is in good hands. A successful bank means secure jobs and a stable financial system. An interim 5 percent dividend of $6.7 million was paid last Friday March 31, 2017 its 3622 shareholders on record.  It is expected that the final dividend will be announced at the Bank’s AGM slated for April 27, 2017.”

The Board of the SKNA National Bank Group continues to be given high praises for their prudent and efficient oversight of the Management of the Institution.

 

The Group’s Board of Directors includes Howard McEachrane Chairperson, Norton A. Bailey 1st Vice Chairperson, Alexis Nisbett 2nd Vice Chairperson, Talibah Byron Director, Elreter Simpson-Browne Director, Dr. Cardell Rawlins Director, Lionel Benjamin Director, Theodore Hobson Director, Director William Liburd and Director Wallis Wilkin .

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