CIBC Caribbean posts operating loss, maintains dividends payments - Trinidad and Tobago Newsday

CIBC Caribbean posts operating loss, maintains dividends payments - Trinidad and Tobago Newsday

CIBC Caribbean Bank Ltd reported an operating loss for the third quarter ended July 31. The bank, however, will proceed with its third interim dividend payment to shareholders. In a notice dated September 8, CIBC disclosed that the loss arose from increased credit provisions and one-off restructuring expenses, which offset revenue growth recorded during the period. While specific figures were not included in the brief regulatory filing, the bank…