Anguilla
Premier Cora Richardson-Hodge has reassured the public that the National Commercial Bank of Anguilla (NCBA) remains unaffected by the recent Privy Council ruling granting judicial review to two former indigenous banks. Speaking at a press conference on March 31, 2025, the Premier emphasized that NCBA is not a party to the proceedings and continues to operate strongly.
The Privy Council's decision allows the National Bank of Anguilla (Private Banking and Trust) Ltd and Caribbean Commercial Investment Bank Ltd to pursue a judicial review against the Government of Anguilla and the Eastern Caribbean Central Bank. This follows their exclusion from a 2016 financial rescue package.
Premier Richardson-Hodge clarified that the ruling pertains to the initial step in a judicial review process and does not constitute a final decision. She urged the public to remain calm, affirming that NCBA's operations are stable and robust.
While the ruling marks a significant development in the legal proceedings involving the former banks, the Premier's assurance aims to maintain public confidence in NCBA and the broader financial sector. Stakeholders are encouraged to stay informed as the judicial review progresses.
For more information, refer to the official statement from the Premier's office.
