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Our Story
The Bank of Saint Vincent & the Grenadines Ltd. (BOSVG), formerly the National Commercial Bank (SVG) Ltd., was incorporated on June 1, 1977, under the Companies Act of St. Vincent and the Grenadines. The company was incorporated to provide commercial banking services. The Bank is regulated under the St. Vincent and the Grenadines Banking Act 2015.
The Bank was founded by The Honourable Robert Milton Cato, the then Premier of St Vincent the Grenadines, and was wholly owned by the Government of St. Vincent and the Grenadines. In November 2010, the Government sold 51% shareholding of BOSVG shares to the East Caribbean Financial Holding Company Limited (ECFH), a regional financial services group headquartered in Saint Lucia. It was agreed in the Shareholders Agreement between the Government and ECFH that the Government will further divest its shares to the National Insurance Services (NIS), Vincentians and OECS Nationals, and BOSVG’s staff. Parties also agreed that BOSVG would list its shares on the Eastern Caribbean Securities Exchange and on June 10, 2016, BOSVG was successfully listed.
In June 2017, the Government re-purchased 31% of the ECFH shareholding in BOSVG after a change in direction for both the ECFH and the Government. The current shareholding in BOSVG is: the Government of St. Vincent and the Grenadines 42.40%, ECFH 20%, NIS 20%, Public & staff: 17.60%.
The Bank began its operations with 11 staff members at a single Branch at Halifax Street. The Bank operates from nine (9) locations and the Exchange Bureau at the Argyle International Airport. The locations are: its head office at Reigate, Granby Street, Kingstown; Halifax Street also in Kingstown; the Joshua Centre, Arnos Vale; Georgetown on the Windward side of St. Vincent, Barrouallie and Chateaubelair on the Leeward side; and on the Grenadine Islands of Bequia, Canouan, and Union Island.
Under the tag line, ‘Doing More Together,’ BOSVG promises a suite of innovative financial products and services tailored to meet the needs of its individual and business customers. BOSVG is keen to emphasize its commitment to the local community, which it serves. The highest standard of customer care and service is a top priority for BOSVG as it seeks to redefine the commercial banking landscape.
CORPORATE VIDEO
Mission Statement
We are the providers of diverse financial solutions, adding value to our community, customers, employees and shareholders built on a foundation of excellent service, efficient operations, and good governance.
Vision Statement
To be the premier financial institution of choice in St. Vincent and the Grenadines.
Our Powerful Brand
STRONGER TOGETHER
A strong brand that withstands the winds of change is one built on integrity, purpose and trust. This is BOSVG – an evolving and responsive brand, deeply rooted in the heart and soul of our people; an indigenous brand that inspires pride and aspires to greatness. Over the years BOSVG has grown in part through the strong direction of the Board, stellar leadership of its management and undying commitment of its staff. The other part is the passionate loyalty of our customers from all walks of life and diverse businesses. Now that our brand has been refreshed with an updated logo and a new tagline, we take this energy of a new day into the future as we develop our nation, build generations of deep wealth and do more amazing things together.
The Board of Directors
Mrs. Judith Veira
Consulting Actuary
Chairman of the Board
Member of the Credit Committee
Member of the Human Resources Committee
Member of the Risk & Compliance Committee
Chairman of the Board
Member of the Credit Committee
Member of the Human Resources Committee
Member of the Risk & Compliance Committee
REAPPOINTED: June 04, 2025
APPOINTED BY: Government of St. Vincent and the Grenadines
BA Hons. Actuarial Science
Fellow of the Society of Actuaries,
C. Dir.
Mr. Willis Williams
IT Consultant
Director of the Board
Chairman of the Human Resource Committee
Member of the Risk & Compliance Committee
Director of the Board
Chairman of the Human Resource Committee
Member of the Risk & Compliance Committee
APPOINTED: June 4, 2025
ELECTED: The Public
Cert. CISSP, FOI, MCSE, Diploma in Micro Computer Business Application & Diploma in Electronic Technology
Mr. Stephen Joachim
Chief Financial Officer
Director of the Board
Chairman of the Audit Committee
Member of the Investment Committee
Member of the Investment Committee
Director of the Board
Chairman of the Audit Committee
Member of the Investment Committee
Member of the Investment Committee
APPOINTED: March 13, 2026
APPOINTED BY: St. Vincent and the Grenadines National Insurance Services
Certified Public Accountant, Chartered Accountant
LLB, MBA, BCom., B.A.
Mr. Akin John
Barrister-At-Law & Solicitor
Deputy Chairman of the Board
Chairman of the Risk and Compliance Committee
Member of the Investment Committee
Director of Property Holdings SVG Ltd
Deputy Chairman of the Board
Chairman of the Risk and Compliance Committee
Member of the Investment Committee
Director of Property Holdings SVG Ltd
APPOINTED: February 06, 2026
APPOINTED BY: Government of St. Vincent and the Grenadines
L.L.B Law (Hons.),BVC
Mr. Medford Francis
Economist
Director of the Board
Chairman of the Investment Committee
Member of the Human Resources Committee
Director of the Board
Chairman of the Investment Committee
Member of the Human Resources Committee
REAPPOINTED: June 04, 2025
APPOINTED BY: East Caribbean Financial Holdings Company Ltd.
BSc. Economics, MSc. Financial Management
Mrs. Lesley Howard-Bowman
Financial Services Professional
Director of the Board
member of the Risk and Compliance Committee
Member of the Credit Committee
Director of the Board
member of the Risk and Compliance Committee
Member of the Credit Committee
APPOINTED: February 06, 2026
APPOINTED BY: Government of St. Vincent and the Grenadines
Executive Diploma in Management
Mrs. Simone Murray
Chartered Professional Accountant
Director of the Board
chairman of the Credit Committee
member of the Investment Committee
Director of the Board
chairman of the Credit Committee
member of the Investment Committee
APPOINTED: February 06, 2026
APPOINTED BY: Government of St. Vincent and the Grenadines
Executive Diploma in Management
BSc Economics and Accounting, Post Graduate Cert. Project Planning, Appraisal & Management, Cert. Business Administration
Mr. Rolf Phillips
Managing Director/Banker
Director of the Board
Member of the Audit Committee
Member of the Credit Committee
Director of the Board
Member of the Audit Committee
Member of the Credit Committee
REAPPOINTED: June 04, 2025
APPOINTED BY: East Caribbean Financial Holding Company Ltd
ACIB, Acc. Dir.
Ronette Lewis
General Manager
Director of the Board
Member of the Human Resources Committee
Member of the Audit Committee
Director of the Board
Member of the Human Resources Committee
Member of the Audit Committee
APPOINTED: March 13, 2026
APPOINTED BY: St. Vincent and the Grenadines National Insurance Services
Masters, Small & Medium Business Enterprise Management (Entrepreneurship)
Executive Management
Derry Williams
Managing Director
MBA - Finance
MBA - Finance
Bennie Stapleton
Deputy Managing Director
BSc. Accounting, FCCA, CIA, CISA
BSc. Accounting, FCCA, CIA, CISA
Cerlian Russell
Executive Manager Operations
MBA – General Management, Certified Mortgage Residential
Underwriter, Anti-Money Laundering Certified Associate (AMLCA)
MBA – General Management, Certified Mortgage Residential
Underwriter, Anti-Money Laundering Certified Associate (AMLCA)
Nandi Williams-Morgan
Executive Manager Legal & Corporate Services / Corporate Secretary
BSc. Economics with Law, LLM International Trade Law, CCSec., GDL
BSc. Economics with Law, LLM International Trade Law, CCSec., GDL
Monifa Latham
Executive Manager Lending
BSc Economics
Principal License – Eastern Caribbean Securities Regulatory Commission
BSc Economics
Principal License – Eastern Caribbean Securities Regulatory Commission
Nicole Fernandez
Executive Manager Information Technology
Senior Manager Information Technology Executive Diploma in Information Technology
Senior Manager Information Technology Executive Diploma in Information Technology
Celestine Jackson
Chief Financial Officer
BSc. Applied Accounting FCCA, MSc. /MA Finance and Investment Diploma in Forensic Accounting Certified Accounting Technician
BSc. Applied Accounting FCCA, MSc. /MA Finance and Investment Diploma in Forensic Accounting Certified Accounting Technician
Alicia Bazil
Executive Manager Human Resources
BSc., MSc. HR Management & Development LLM Employment Law Cert-Public Administration
BSc., MSc. HR Management & Development LLM Employment Law Cert-Public Administration
Shareholding
| OWNERSHIP | PERCENTAGE OF HOLDING |
|---|---|
| Government of St Vincent & the Grenadines | 42.40% |
| ECFH | 20% |
| St Vincent & the Grenadines NIS | 20% |
| The Public & BOSVG Staff | 17.60% |
Daily Exchange Rates
Financial Reports
BOSVG is committed to the provident administration of the financial resources entrusted to our care. We aim to create a financial stronghold that is reflected in the highest calibre of capital sufficiency, return on assets, and liquidity.
Strategic Partners
BOSVG has established quality relationships with some of the financial industries leading investment and governing bodies. Please review the external links below for more information.
Social Media
