CIBC earns ‘solid’ US$55.8m
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1 Articles
CIBC earns ‘solid’ US$55.8m
CIBC Caribbean Bank Limited, which is now implementing a new country management model, is reporting “solid” net income of US$55.8 million for the first quarter of its 2025 financial year.This is lower than the US$84.6 million in profit that the financial institution netted in the same period in 2024.Chief executive officer Mark St Hill noted that CIBC Caribbean’s financial performance in the first quarter “was largely impacted by higher provisio…
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