CAB enjoys fruitful visit to Suriname

The Caribbean Association of Banks (CAB) Inc. visited a number of its stakeholders in Paramaribo, capital of the South American territory of Suriname, on 5-6 September 2019. The three-member CAB delegation comprised of Chairperson, Mr. Dalton Lee; Immediate Past Chairperson, Ms. Joanna Charles; and CEO, Ms. Wendy Delmar. 

During their two-day visit, the CAB team met with high-level representatives of the Central Bank of Suriname, VCB Bank, Coöperatieve Spaar – en Kredietbank Godo G.A., Suricharge Bank N.V., Finabank N.V., Hakrinbank, Republic Bank (Suriname) N.V., De Surinaamsche Bank N.V., TrustBank Amanah, Southern Commercial Bank, and Surinaamse Bankiersvereniging, the Bankers Association of Suriname.

Among the key issues discussed between the CAB and the Surinamese banking fraternity were the training needs of financial institutions in the Dutch nation, regulatory change, implementation of new International Financial Reporting Standards slated to take effect in the year 2020, de-risking and correspondent banking relations, onboarding of potential new CAB members from Suriname, and establishment of a memorandum of understanding between the local Bankers Association and CAB.