First Citizens is the only bank in the Caribbean to be named among the safest banks in Latin America and the Caribbean Region by Global Finance 2012, the Port of Spain-based State bank said yesterday.
This is the third consecutive year that the bank has received this accolade, First Citizens said in a statement.
The selection was made through a comparison of the long-term credit ratings and total assets of the world's largest banks.†
In arriving at this achievement, ratings from Moody's, Standard & Poor's and Fitch were used.
This news comes on the heels of Standard & Poor's re-affirmation of the First Citizens' credit rating of 'BBB+/A2'.
"First Citizens has once again demonstrated its commitment to strengthening its financial base, to growing both locally and regionally, and to providing excellent customer service," the bank said.
"The news is reflective of the consistent hard work and commitment exhibited by First Citizens staff in delivering financial products and services here in Trinidad and Tobago and in the Region," it added.