At the end of December 2020, there were 11 supervised deposit-taking institutions consisting of 8 Commercial Banks, 2 Building Societies and 1 Merchant Bank. At the end of 2020, the number of Credit Unions remained at 25.

Banks & Building Societies

Supervised Entities  Dec 2015  Dec 2016 Dec 2017 Dec 2018   Dec 2019  Dec 2020
Commercial Banks 6 6 8 8 8 8
Merchant Banks 2 2 1 1 1 1
Building Societies 3 3 2 2 2 2
Total 11 11 11 11 11 11  

Credit Unions*

End of Year No. of Credit Unions Membership
2015 34 1,000,753
2016 32 947,045
2017 28 1,006,494
2018 26 1,047,618
2019 25 1,007,304
2020 25 1,035,149
*Data provided by the credit unions

Recent Developments

June 2019

Effective 03 June 2019, MF&G Trust & Finance Limited changed its name to Cornerstone Trust & Merchant Bank Limited.