PRESS RELEASE – Bank of Saint Lucia (BOSL) was once again recognized by the Eastern Caribbean Central Bank (ECCB) for its outstanding contributions to the development of communities across Saint Lucia.
The announcement was made at the 2015 ECCB Awards Ceremony at its headquarters earlier this month. BOSL received the award for Financial Education and Empowerment.
“This award is an acknowledgement of our continuing efforts at educating our customers and the general public and empowering them to make sound financial decisions,” explained BOSL General Manager, Hadyn Gittens. He also went on to recognize the invaluable support of the bank’s valued customers, shareholders and other partners without which this award would not have been possible.
Bank of Saint Lucia, and parent company ECFH, remain committed partners in the improvement of the economic landscape in Saint Lucia – of which, one of the key areas is the promotion of financial literacy.
In September, BOSL lent sound support to two major activities in commemoration of Business Month, the Mini Services and Business Expo, hosted by the Trade Export Promotion Agency (TEPA), and the MSME Finance Symposium hosted by the Small Enterprise Development Unit of the Ministry of Commerce.
BOSL was a key presenter at the latter, which focused on providing both MSMEs and aspiring business owners with crucial information on accessing various financing options and the services available. Later in the month of October, BOSL also supported the efforts of the ECCB in the hosting of activities related to Financial Information Month, which is celebrated annually across the Eastern Caribbean.
Sister subsidiary, ECFH Global Investments, earlier in the month of November, hosted the first in its series of breakfast seminars aimed at providing relevant, timely information to assist individuals and institutions in making sound financial decisions. The key note speaker was Mr. Allan Lewis, Chairman of the Jamaica Stock Exchange, who presented under the theme, “Alternative Financing for Business Corporations.”
Over the years, the institution has embarked on a number of initiatives and continues to support programmes aimed at promoting financial literacy. These financial literacy initiatives form part of BOSL and the Group’s Corporate Social Responsibility philosophy, which articulates their commitment to the socio economic development of St. Lucia.
The Good Corporate Citizen Awards were introduced in 1997 by the Eastern Caribbean Central Bank to recognize banks which contribute to the development of the people and communities in which they operate through the implementation, support and participation in sound social responsibility projects.
Bank of Saint Lucia is the five time winner of the Best Corporate Citizen Award and multiple winner of Good Corporate Citizen Award by the ECCB.