First St Vincent Bank Ltd Placed Under Receivership By ECCB

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The Eastern Caribbean Central Bank (ECCB) in exercise of the powers conferred under Section 138 of the Banking Act No 4 of 2015 of the laws of Saint Vincent and the Grenadines has appointed a Receiver for First St Vincent Bank Ltd (FSVB) with effect 26 May 2023.

FSVB has been providing banking services to the people of Saint Vincent and Grenadines since 1909. As at 31 March 2023, FSVB reported $46.8 million in total assets, which accounted for 1.6 per cent of the total banking assets ($2,953.4 million or approximately $3 billion) in Saint Vincent and the Grenadines.


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