Profitable year for CIBC Caribbean

CIBC Caribbean, which operates in Barbados and several other regional markets, is reporting a US$277.5 million profit in 2024 as part of what chief executive officer Mark St Hill call a record financial performance.

As St Hill detailed the increased income in the bank’s annual report for the financial year ended October 31, he shared that there was a major increase in digital transactions as less business is done in-branch.

“For the year ended October 31, 2024, the bank reported net income of US$277.5 million...