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CIBC FirstCaribbean expanding


CIBC FirstCaribbean Jamaica will spend upwards of US$2 million ($228 million) to build two new branches in Fairview in Montego Bay, and Santa Cruz in St Elizabeth, according to chief executive Rik Parkhill.

That development, he told the Jamaica Observer in an interview last week, would increase the bank’s branch network to 15 when opened by summer 2015. The bank will also set up its wealth management arm in Jamaica, which follows steps taken recently in the Cayman Islands and The Bahamas. The new initiatives are aimed at expanding CIBC’s retail and corporate customer base.

Published in the Jamaica Observer
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