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Trinidad & Tobago Financial Services Sector Research Highlights

Trinidad & Tobago Financial Services Sector Research Highlights
Growth and Recovery Report

Report: How Trinidad and Tobago's economy stands to benefit from the transition away from cash

Despite the adoption of new technologies across a variety of industries prior to the pandemic, studies pointed to Trinidad and Tobago's dependence on cash as a significant factor limiting potential economic growth. In light of the fiscal pressures and economic slowdown caused by the pandemic, the government and the private sector have responded with robust monetary and fiscal measures and have introduced…

Analysis

Banks turn to financial technology in Trinidad and Tobago
OBG
plus

The financial services industry in Trinidad and Tobago is one of the most developed in the Caribbean; however, the country still falls behind other emerging markets in its approach to online banking and digital payments. In 2020 customers continue to contact their banks by telephone to perform routine services, such as balance inquiries. As such, there is vast scope for digital reform and an opportunity…

Analysis

Commodities investment important for diversified portfolios in Trinidad and Tobago
OBG
plus

Despite being a commodity-based economy – indeed, 36.1% of Trinidad and Tobago’s GDP is from the energy sector – local capital market investors have traditionally shied away from commodities investing. The asset class worldwide has underperformed compared to traditional investment vehicles such as stocks and bonds. The Bloomberg Commodities Index had an average annualised return of -5.7% from…

Interview

Ronald Carter, CEO and Chief Country Officer, JMMB Bank: Interview
OBG
plus

Interview:Ronald Carter In what way has growth in financial services contributed to diversification strategies? RONALD CARTER: The Central Statistical Office reports that the financial services and insurance sectors contributed 7% to GDP in 2018, up from 5.6% in 2014. Given that GDP has fallen by 12% over that period, these sectors have a growing economic importance. Trinidad and Tobago continues…

Interview

Nigel Baptiste, CEO, Republic Financial Holdings: Interview
OBG
plus

Interview:Nigel Baptiste In what ways have new financial banking instruments impacted growth in 2019? NIGEL BAPTISTE: For most sector players, the impact of new financial instruments is only becoming evident now. Moreover, 2019 has been a year of consolidation, as clients grow more comfortable with different technologies. However, there have not yet been any serious shifts in terms of how banking…

Interview

Ravi Tewari, CEO, Guardian Holdings: Interview
OBG
plus

Interview:Ravi Tewari Which segments of the insurance sector show the most room for growth in Trinidad and Tobago? RAVI TEWARI: In absolute terms life and pensions remain untapped markets. In the property and casualty segment the penetration rate is marginally better, although there is also room to grow. In any case, opportunity exists to significantly increase the number of customers in the…

Analysis

Trinidad and Tobago's debt market dominated by government bonds
OBG
plus

While Trinidad and Tobago’s primary bond market has seen 59 issuances since 2013, fewer than 15% were private corporate issuances. The government, either directly or through state-owned enterprises, has maintained a dominating presence in the debt market, which it taps to borrow the funds needed for infrastructure development projects and recurrent expenditures such as salary payments. Diversification…

Viewpoint

Gregory Hill, Managing Director, ANSA Merchant Bank: Viewpoint
OBG
plus

Viewpoint:Gregory Hill Even though it was established almost 40 years ago, the Trinidad and Tobago Stock Exchange (TTSE) has characteristics seen in younger, less developed stock markets. However, the TTSE is currently undergoing a transformation and the authorities are working to address several fundamental challenges, including illiquidity, subdued trading activity and a shortage of publicly…

Chapter

The Report: Trinidad & Tobago 2020: Insurance
OBG
plus

Trinidad and Tobago’s insurance industry has persevered through recent economic struggles and recession. With GDP forecast to expand in 2020 and 2021 and demand for health and life products rising, T&T’s insurance sector exhibits strong potential and its performance expected to improve further. The proliferation of digital offerings will ensure that a larger customer base receives better…

Analysis

Wealth management services grow in Trinidad and Tobago
OBG
plus

Wealth management divisions have become an integral part of business models for the majority of commercial banks and non-bank financial institutions in Trinidad and Tobago. Initially created to cater to the needs of institutional investors – particularly those of employee benefit plans – wealth management services have now expanded to include high-networth individuals. T&T’s economy grew…

View More
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Featured Reports in Trinidad & Tobago
  • The Report: Trinidad & Tobago 2020
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  • The Report: Trinidad & Tobago 2015

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