Consolidated Finance is now ANSA Merchant Bank - ANSA Merchant Bank
In a move which now opens up many new and desirable financial options to the business and private sectors, Consolidated Finance is rebranding as ANSA Merchant Bank (Barbados) Limited.
This transition unites the legacies of two strong, well-respected, regional financial institutions which have been operating in the Caribbean for well over four decades. Consolidated Finance is a household name in Barbados, providing from hire purchase loans to deposits and leases. ANSA Merchant Bank, headquartered in Trinidad and Tobago, is a major player in the regional capital markets and a provider of large project development financing, corporate lending, leasing, investment solutions and private wealth management. It partners with clients regionally and especially in Barbados and Trinidad and Tobago in raising business capital and arranging funding for sovereigns, joint ventures, and public private partnerships.
Speaking as the Company was officially rebranded, Chairman of Consolidated Finance, Gregory N. Hill, stated, “Consol has a strong reputation in Barbados and has been a subsidiary of the Trinidad-based parent for many years. With this rebranding and refocus, ANSA Merchant Bank (Barbados) can now leverage the combined financial strength and experience of the Merchant Bank to play a more significant role in the domestic banking market, while deepening relationships with customers who will now be able to tap into a wider range of financing products and services. We are responding to the call from the public for a new approach to financial services and this move will facilitate the growth and expansion of local companies, thus contributing considerable value to the business sector and Barbados in general.”
Managing Director, Victor Boyce, said the introduction of the ANSA Merchant Bank brand to Barbados was timely for both the Company and country. He was enthusiastic about expanding the ANSA portfolio of financial services for clients in Barbados. “The ANSA Merchant Bank brand is establishing its footprint in Barbados on the back of a strong performance in 2021 and a legacy of several notable transactions in the last decade. This can only augur well for all our stakeholders, and particularly for our customers”, he explained. “Virtually all our business lines are poised for further growth, and we are looking forward to bringing many advantages to the corporate and private sectors, the capital markets and the financial services industry in Barbados as a whole.”
The Bank confirmed that existing client relationships would be unaffected by the transition.