First Citizens Bank

Stock performance

History

First Citizens Bank was formed from the consolidation of several failed Trinidadian financial institutions during a domestic banking crisis in the late 1980s and early 1990s, and grew, under continued significant government ownership, into one of the largest banks in Trinidad and Tobago, later listing on the local stock exchange.

Business model

First Citizens Bank provides retail, corporate, and investment banking services across Trinidad and Tobago, operating as one of the country's largest banks under continued majority state ownership following its formation from a banking-crisis-era consolidation.

Market position

First Citizens Bank is one of the largest banks in Trinidad and Tobago, competing with Republic Bank for market leadership, and its origins in resolving a domestic banking crisis have shaped its continued significant state ownership.

Country impact

First Citizens Bank is one of the largest financial institutions in Trinidad and Tobago, and its formation from the resolution of a domestic banking crisis remains an important episode in the country's financial-sector regulatory history.