Bahamian Banker Creates Internet-Based Bank In St. Kitts

Thursday 28th, October 2010 / 08:36 Published by

A leading Bahamian banker told Tribune Business his next expansion is set to take place imminently from St Kitts via a “fully-fledged Internet-based bank”, adding that this should not be seen as a “loss” for the Bahamas since this nation was “not ready” for such an institution.

Owen Bethel, president and chief executive of the Nassau-based Montaque Group, said the Montaque Financial Corporation would formally go live via the Internet on November 1, and added that it was not connected to his Nassau-based companies as a subsidiary or branch.

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