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Basseterre, 15^th August 2016 – A leading local bank is making home and vehicle ownership easier for customers in the Federation.

 

CIBC FirstCaribbean International Bank recently unveiled a special “Low Rate Program” at its first ever Product Fair held at the bank’s Basseterre branch.

 

Several senior and middle management representatives from various business institutions throughout the Federation eagerly gathered for the unveiling of the program which boasts interest rates as low as 5.9% on mortgages, 6.5 % on land loans and 7.0% on automobile loans.

 

General Manager (Ag.), Jacqueline Burton, in describing the significance of the session stated, “an event of this nature was designed to cement the partnership between the wider community and the bank by providing an opportunity for stakeholders to learn about the bank’s products and services and more importantly to ensure that persons were comfortable approaching the bank to access these products and services.”

 

These sentiments were underscored by Business Banking Officer Ladimer Gumbs who described the event as an opportunity for those present to give back or share value with employees, family and friends by relaying information that could affect their bottom line in a positive way. He emphasized, “after all the genesis of the Low Rate Program stemmed from the need to make funds more accessible to persons who really need it by providing them with better rates and more effective terms.”

 

Sales Specialists Patria Bowen-Matthew and Kai Williams, who were tasked with rolling out the special features of the Low Rate Program, outlined some of the components of the revamped loan program.

 

She said customers will benefit from 100% financing on motor vehicles up to three (3) years old with financing available for vehicles up to ten years old and up to 95% financing on Mortgages with terms up to 30 years at the low interest rate of 5.9%.

 

The session ended with an informative and interactive question and answer period, which allowed attendees to gain further insight into the bank’s revamped loan offerings.

 

-Ends-

 

About CIBC FirstCaribbean

 

CIBC FirstCaribbean is the largest, regionally-listed bank in the English and Dutch speaking Caribbean serving over 400 000 customers in 17 markets, through approximately 2,900 staff, across 100 branches and offices. The bank, which has almost 250 years of combined experience in the region,  offers a full range of market-leading financial services in: Corporate and Investment Banking, Treasury Sales and Trading, Retail Banking, Wealth Management, Small Business and Credit Cards.

 

CIBC FirstCaribbean is a member of the CIBC Group. CIBC is a leading Canadian-based global financial institution with nearly 11 million personal banking and business clients. Through our three major business units – Retail and Business Banking, Wealth Management and Wholesale Banking – CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world.

 

For more information about CIBC FirstCaribbean, visit www.cibcfcib.com

 

Media contact:

Debra King, Director of Corporate Communications, CIBC FirstCaribbean, Barbados Head Office; telephone: 246 367 2248; fax: 246 421 7148 and email: debra.king@cibcfcib.com.

 

Media contact:

1. Diane Francis, Manager Retail Banking and Operations/Country Lead, St Kitts and Nevis, CIBC FirstCaribbean International Bank, Basseterre, St Kitts;

telephone: 869 465 5363; fax: 869 465 1041 and email: diane.francis@cibcfcib.com