Best bank 2025: Scotiabank
Scotiabank continues to demonstrate its leadership in The Bahamas through strategic execution, digital innovation and a strong commitment to community and environmental sustainability.
In 2024, the bank achieved its highest profitability in 16 years, driven by a focused strategy to grow non-interest revenues, improve efficiency and enhance credit quality. With a return on equity of 22.4% in Q4 – its thirteenth consecutive quarter of double-digit ROE – Scotiabank has proven its resilience and operational strength.
The bank’s capital adequacy ratio of 33.2% far exceeds regulatory requirements, reflecting prudent risk management and a robust capital optimisation strategy. Scotiabank’s market share in loans and deposits remains stable, supported by solid core deposit growth and disciplined asset expansion.
The bank also led the market in digital transformation, launching The Bahamas’ first fully digital onboarding solution, reducing account opening times from 60 to 15 minutes. On the sustainability front, it introduced its Go Green energy loans to support renewable energy adoption and reduce carbon footprints.
With a network of eight branches, 81 ATMs, and a 24-hour contact centre, Scotiabank continues to deliver high-value services to individuals and businesses across the country – backed by a dedicated team of 460 employees committed to building a stronger, greener Bahamas.
Best bank for large corporates 2025: Citi
Citi continues to lead the way in corporate banking in The Bahamas, delivering financial solutions tailored to the needs of large corporations and multinationals operating in the country.
Citi serves a large number of corporate clients, offering a comprehensive suite of services including transaction banking, capital markets, investment banking and trade finance.
In 2024, Citi processed over 84,000 payment transactions valued at $1.54 billion and 13,000 collections worth $619 million, underscoring its role as a key payment concentrator in the market. Its advanced digital platforms – CitiDirect, CitiConnect and Citi Payment Insights – enable seamless, secure and real-time treasury operations across borders.
Citi’s strength lies in its ability to combine global capabilities with local expertise. Its Bahamas-based team provides dedicated relationship management, implementation support and advisory services, ensuring clients receive personalised attention and efficient onboarding. Its liquidity management tools, such as CitiDirect Liquidity Manager and interest bearing demand deposit accounts, offer corporates enhanced control and visibility over their cash positions.
With innovative trade finance solutions like Cross-Border Supplier Finance and a robust digital infrastructure, Citi Bahamas remains the trusted partner for large corporates seeking to optimise operations, manage risk and grow in a dynamic global environment.
