W&F Issue 6 2018

www.wealthandfinance-news.com 10 Wealth & Finance International - Issue 6 2018 Established in 1996, Caye is a Belizean mortgage company, and after continued success over several years, the decision was taken to become an international bank. The company was granted an International Banking License from the Central Bank of Belize in 2003. Since then, Luigi and the team at Caye have seen the bank achieve remarkable growth in terms of clientele, business and services. Luigi tells us a bit more about the bank’s private offshore banking and gives us an insight into Caye’s impressive results and track record. “Thanks to our ever-growing international client base, and our network of global strategic alliances, Caye is poised to continue its impressive growth. Our success to date has been made possible with the help of the visionary board members, dedicated staff and loyal customers. Currently, our directors provide guidance and leadership which are sources of motivation and inspiration for all of us at Caye. “With one of the highest liquidity ratios of any global bank, Caye has a near two-decade track record within the Central American region. Caye’s mission has been to always provide financial services based on trustworthiness and underpinned by strong corporate values, and this formula has seen the bank grown with a diversified revenue structure, a balance sheet with good asset quality, funding sources that are diversified, and a strong capital base.” The scale of economic activity and stability in Belize and within the Central American region, has enabled Caye to achieve robust growth in all the bank’s core products. Luigi mentions what other attributes he believes the bank possesses which have contributed to its success, alongside its experience and expertise. “In addition to the economic stability in Belize and our own expertise, we believe our diverse range of international finance services offered over the last two decades, has allowed us to play an integral role in the growth and prosperity of not just the island of Ambergris Caye but Belize itself. “Ongoing investments of the bank will be in new products, human capital and technology, coupled with strategic diversification into new business areas, as well as increased attention to risk management, liquidity and successful regional diversification. This, I believe, will firmly establish Caye as a major financial institution within the Central America region over the next several years, and providing the bank with a platform to expand into international jurisdictions further afield.” Always keeping an eye on the future, Luigi details the bank’s strategy moving forwards, as the team must constantly adapt to technological innovations Enjoy Stable Private Banking with Caye International Bank Banking with Caye International Bank provides stability, confidentiality and higher returns for their customers and clients. The firm was recently selected in Wealth & Finance’s Banking Excellence Awards, where they received the accolade of Most Outstanding Offshore Bank in Central America for 2018. We spoke to Caye’s Senior Vice President, Luigi Wewege about the Bank, its services and his aspirations moving forward. 1805WF17 which are emerging in the banking sector each year. “In terms of our strategy, increasing bank customer acquisition is the most important investment for the future growth, and this should contribute to a rise in value to the shareholders. The bank is continuing to focus on customer financing providing a variety of loans which will remain an important element for diversifying assets. Also, focusing on the loan growth within strict risk and value creation criteria, will ensure the bank’s continued growth into the future. “It is envisioned that by leveraging and optimising new digital online platforms, we will help attract a new much younger demographic of clients, as well as another revenue stream for the bank. The retail deposit base of the bank is forecasted to grow exponentially over the next year. To maximise profitability, the deposit base cost will be improved through the identification of better investment returns for the bank.” With the banking industry expanding globally due to continued wealth creation that is driven by positive savings rates and long-term capital appreciation, Luigi and the team at Caye must be proactive and innovative in their work. “The attractive growth of the banking industry continues to exceed GDP growth of many western