2025 was a year of financial resilience for the island’s lone indigenous bank, the Bank of Montserrat.
Chairperson Venita Cabey speaking at the institution’s annual general meeting last Wednesday stated that the year under review was one of challenges, resilience and progress, as the bank operated in an environment shaped by global uncertainty, changing monetary conditions and geopolitical risk.
Despite these factors, she said Montserrat continued to record positive economic growth.
Mrs. Cabey noted that the bank’s financial position continued to grow, with total assets amounting to 483.9 million dollars and customer deposits reaching 412.3 million dollars.
Net income was 8.36 million dollars.
Meanwhile the book value for shares now stands at 9 dollars and 73 cents.
In more positive news, the capital adequacy ratio improved to 12.11 per cent way above the regulatory minimum of 8 per cent, set by the Eastern Caribbean Central Bank.
Mrs. Cabey said against the economic backdrop, the bank delivered a strong financial performance. This reflects continued balance sheet growth and disciplined asset management.
She told shareholders that the overall message is that the bank was able to respond to changing market conditions while continuing to grow.
According to the Bank Chairman, the priority remained sustainable growth, supported by appropriate risk management, liquidity, and capital strength.