Deltec Bank and Trust Limited (“Deltec Bank”), a leading private and corporate bank, today released an update on its 2023 outlook, projecting growth.
"As we head into the second half of 2023, Deltec Bank is strongly positioned for continued growth and outstanding performance,” said Odetta Morton, CEO of Deltec Bank. “Deltec Bank’s historical performance serves as a testament to the hard work and dedication of our talented team, as well as the loyalty of our valued clients and partners. We are poised to launch several exciting initiatives in the coming months and anticipate growth in our client base as we continue to provide cutting edge, world-class services.”
Deltec Bank released a summary of key indicators regarding its financial health and stability going into H2 2023, demonstrating that its conservative strategy continues to serve as one of its core strengths:
Deltec Bank reported a capital ratio of 19%* as of 31 May 2023. Deltec Bank demonstrates that there is no threat to the Bank’s sustainability, safety, and soundness by maintaining a high capital ratio.With a liquidity ratio of 96%* Deltec Bank notes that it is capable of meeting all of its clients’ needs. Against the backdrop of recent U.S. bank failures, this has become an even more important metric in assessing the financial health of a bank.
The outlook for Deltec Bank in the second half of 2023 is highly positive, as the Bank looks forward to maintaining its upward trajectory.
Deltec Bank has a strong 77-year history serving global, rapidly-scaling entrepreneurs – where speed, innovation, reliability, and security remain paramount. The Bank has focused on designing a business model that can withstand the pressure of an ever-changing financial environment by adhering to strict oversight and fiduciary principles, maintaining strong capital and liquidity, and keeping a conservative balance sheet.
Deltec Bank recently released its audited financial statements as of December 31, 2022 at https://www.deltecbank.com/independent-auditors-report-2023.
About Deltec Bank
Deltec Bank is a leading private and corporate bank with a history of growth and stability spanning 77 years. Deltec Bank has long prioritized forward-thinking financial solutions through industry-leading services that are aligned with a rigorous risk framework and highly prudent standards.
Deltec Bank accelerates the growth of global entrepreneurs, leveraging an expanded ecosystem of regulated service providers covering multi-currency fiat banking and investment management supported by institutional-grade trading and payments.
Media Contact
Company Name: Deltec Bank
Contact Person: Janay Symonette
Email: Send Email
Phone: 12423024100
Country: Bahamas
Website: deltecbank.com
