Banks and Financial Institutions
Banks and Financial Institutions Licensed Under the Banks and Financial Institutions Act.
There are five domestic commercial banks licensed in Belize that are conducting traditional banking services. The services being offered are different types of consumer and commercial
loans, saving and checking deposits and time deposits. Other services provided to business clients include overdraft facilities, letters of credit, and bank guarantees. The commercial banks licensed in Belize are listed below.
Alliance Bank of Belize Limited (changed its name to
Heritage Bank Limited)
- Atlantic Bank Limited
- Belize Bank Limited
- Scotiabank (Belize) Limited
- First Caribbean International Bank (Barbados) Limited
On 23 January 2003, the first non-bank financial institution was granted a license. Belize Unit Trust Corporation (BELUTC) is the first financial institution in Belize that manages and administers Unit Trust funds Scheme. It is locally managed and its majority shareholder is Trinidad and Tobago Unit Trust Corporation (TTUTC). There are two non-bank financial institutions operating in Belize.
Belize Unit Trust (changed its name to Unit Trust Corporation (Belize) Limited)
MicRoe Finance Company Limited (MFCL)
There are fourteen active credit unions registered in Belize. The main services being offered include savings accounts, consumer, education and residential loans. The active credit unions registered in Belize are listed below.
Belize Credit Union League Ltd.
Blue Creek Credit Union Ltd.
Citrus Growers & Workers Credit Union Ltd.
Civil Service Credit Union Ltd.
Evangel Credit Union Ltd.
Holy Redeemer Credit Union Ltd
La Inmaculada Credit Union Ltd.
Mount Carmel Credit Union Ltd.
Police Credit Union Ltd.
St. Francis Xavier Credit Union Ltd.
St. John’s Credit Union Ltd.
St. Martins Credit Union Ltd.
Toledo Teachers Credit Union Ltd.
Wesley Credit Union Ltd.