Banking Services Financial Services


Scotiabank Barbados is a truly international bank as it forms part of the Scotiabank group of companies, Canada”s leading international bank.

Scotiabank has operated in Barbados since 1956. Scotiabank Barbados currently operates a network of 8 branches, offering retail commercial and cash management services to individuals, small and medium-size businesses and corporations.

The Story Behind Scotiabank Barbados

Scotiabank has enjoyed a history of evolution and growth. What began in 1956 with a small branch in Bridgetown, has evolved into a conveniently located network of branches providing financial services to personal and business banking customers.

Our Objectives

We are committed to being your institution of choice – providing comprehensive products and services and being a good corporate citizen by supporting the community where we live and do business.

Our Core Strengths

  • Risk Management
  • Diversification
  • Productivity
  • Customer Service

Branch Locations

Asset Management Financial Services

Cidel Bank & Trust Inc.

The Cidel Group (‘Cidel’) offers a range of products and services designed with a single-minded intent: To preserve and enhance the wealth of our clients around the world.

Our clients include private investors, regional and international businesses and global-scale institutional investors. We provide each with a wide range of choice in financial services including investment strategy, advice and products, international banking services, corporate and trust services, and much more.

We are also proud to have Scotiabank as a minority Shareholder. Scotiabank is one of North America’s premier financial institutions and Canada’s most international bank. Scotiabank Group and its affiliates serve approximately 12 million customers in some 50 countries around the world and offer a diverse range of products and services including personal, commercial, corporate and investment banking. For more information about Scotiabank products and services refer to Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).

Investment Opportunities

The range of products & services offered by Cidel allows us to provide one-stop investment services to meet the needs of every type of investor. The range is complete – combining flexibility with opportunity, and balancing risk/return in an ideal mix.


Financial Services

RBC Wealth Management

RBC has provided offshore banking and wealth management services to international clients in Barbados since 1990.

Our Barbados office is home to a large team of dedicated professionals who provide valuable local knowledge, the advantage of a truly international team of specialists, and access to a complete range of wealth management services through our global network of offices*.

Explore the wealth management services available through our global network of offices*:


For high net worth clients and their families, we offer access to:


We offer access to a wide range of financial services for:

* Depending on your citizenship, some products and services may not be available to you or may only be available to you from certain RBC Wealth Management offices
Accounting Financial Services

PricewaterhouseCoopers East Caribbean

With 19 partners and approximately 325 staff, PricewaterhouseCoopers East Caribbean is the largest professional services firm in its markets. PwC East Caribbean is a member of the regional grouping of PricewaterhouseCoopers firms in the Caribbean, each of which belongs to the network of member firms of PricewaterhouseCoopers International Limited and is a separate and independent legal entity.


PwC East Caribbean provides industry-focused assurance, tax, advisory and corporate services to local regional and international clients from offices in Barbados, Antigua, St. Lucia, St. Kitts-Nevis and the British Virgin Islands.

The high quality of our service stems from an operating philosophy that we call *connectedthinking. This philosophy insists that we connect our skills, technical expertise, networks, industry knowledge and business understanding to create value for our clients.

Interested in learning more? Click on the services listed for further information:

Assurance – our core audit and attest services.
Advisory – performance improvement, transactions, crisis management.
Tax – corporate, personal and indirect tax advice and planning.
Corporate – incorporation and maintainance of international business companies and other entities, company secretarial services.

Other Services:

Client Accounting/Payroll Services – we provide these services to many International Business Companies and other smaller companies without their own in-house accounting personnel.
Systems and Process Assurance – assurance-type services in respect of controls associated with the financial reporting process, including financial business process and IT management controls.

Please contact us for more information on our services.

Accounting Financial Services

KPMG in Barbados and the Eastern Caribbean

Who we are at KPMG

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We have over 123,000 outstanding professionals working together to deliver value in 145 countries across the world. Our purpose is to turn knowledge into value for the benefit of our clients, our people and the capital markets.

KPMG in Barbados is a member firm of KPMG Caricom a regional governance entity, comprising the KPMG member firms in Barbados, the Eastern Caribbean (with offices in Anguilla, Antigua and Barbuda, St. Lucia, St. Vincent and the Grenadines and providing services in Dominica, Grenada, Montserrat and St. Kitts and Nevis), Jamaica and Trinidad and Tobago. We offer our clients the ability to leverage the combined skills, knowledge and experience of 28 partners and over 300 professionals, in delivering value to our clients and people across the Caribbean.

As a matter of course, we also have strong day-to-day, first line professional contacts with other KPMG member firms in the Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Channel Islands, the Dutch Caribbean, Isle of Man, Malta and the Turks and Caicos Islands, ; all of which have similar cultures and operating environments.

Our values and culture – what we stand for

KPMG member firms help businesses respond to changes in the global economy and we are also committed to providing an environment where our people can flourish and contribute to a sustainable world. Not only do our values help us to work together in the most effective and fulfilling way, they also define what we stand for, how we do things and how we work with our clients. These values are:

  • We lead by example
  • We work together
  • We respect the individual
  • We seek the facts and provide insight
  • We are open and honest in our communication
  • We are committed to our communities
  • Above all, we act with integrity

What we do

Our practice is organised around our Audit, Tax and Advisory practices through which we deliver a globally consistent set of multidisciplinary financial and accounting skills and capabilities based on deep industry knowledge. We help Barbadian, regional and international organizations to meet their challenges and respond to the constant pressure to deliver ever better results while contending with a wide range of risks that can threaten survival. Our people operate within industry groups, giving our clients access to advisors who understand their specific business issues and concerns and whose advice is grounded in our understanding and appreciation of the particular needs of each client.

We assist our clients in Barbados, and around the world, in taking advantage of new business opportunities, improving performance, managing risk and enhancing value for both shareholders and stakeholders alike. Our approach to client service is both consultative and responsive and we utilise technology to assist data extraction and management.


Public trust in the capital markets is largely grounded in its confidence in the independent audit of company finances. We uphold the highest standards of audit integrity and support our Audit teams with substantial resources and appropriate technology. Our multidisciplinary approach means audit engagement teams include experienced professionals in such areas as forensics, tax, information risk management and valuation, providing the teams with a broad understanding of an organization, and enabling them to focus on key areas of risk, adequacy of internal controls, and potential fraud. Key services in this area include:

  • Financial Statement Audit
  • Statutory Audit
  • SOX 404 Compliance
  • Attestation Services


Our tax services are designed to reflect client needs, and we can help with the tax implications of, for example, cross border acquisitions or a global transfer pricing strategy. We work with clients to achieve effective tax compliance, manage tax risks and control their associated costs. Attitudes to tax are changing with tax decisions under scrutiny as never before. Organizations of all sizes are ever more exposed to changing trends in tax regulation, not just locally but globally. Our understanding of tax governance, specialist skills and deep industry knowledge help you to be competitive and compliant. At the heart of this offering are our people, who think beyond the present and beyond borders to deliver long lasting value. Our service offerings include:

  • Corporate Tax (Domestic and International)
  • Indirect Tax
  • Personal Tax


Our Advisory professionals help a range of organizations mitigate risk, improve performance and create value. We provide risk and financial advisory services that help clients tackle immediate issues and plan for the long term. Our Advisory professionals work with you to tackle challenges in growth, governance and performance, combining specialist skills to provide objective advice and execution to help preserve and improve value. The professionals in our Advisory practice take an objective, long-term global view while bringing local knowledge to local issues. We therefore use an integrated approach to client service, fielding teams of experienced professionals with a breadth of specific advisory, technical and industry sector skills. Our service areas include:

  • Accounting Advisory
  • Business Performance Services
  • Corporate Finance
  • Financial Risk Management
  • Forensic
  • Internal Audit Services
  • IT Advisory
  • Restructuring
  • Transaction Services

Thought Leadership

KPMG continues to invest heavily in developing the knowledge and insights that help clients address critical business issues. All publications are available free of charge in soft copy. They include:

  • Agenda – a new magazine from KPMG’s Advisory Services offering insights into issues on every CFO’s agenda and reflecting the complexity of today’s business challenges with a broad, yet detailed remit.
  • KPMG Insiders – delivering focused, easy to access, industry specific news information and analysis directly to registered individuals by email. Industry areas include Banking, Insurance, Consumer Markets, Health Care, Pharmaceuticals and Technology. Signing up for KPMG Insiders is free logon at
  • Frontiers in Finance – KPMG’s Financial Services flagship publication, bringing together the insights of our professionals around the world to provide informed perspectives on critical issues facing banking and insurance organisations.
  • Regional Banking Survey – conducted annually since 2005, this is a regional survey with senior commercial lending decision makers providing important perspectives on banking investment trends in the Caribbean.
  • Caribbean Information Security Survey – conducted every two years since 2000, this is a KPMG Barbados initiative, which provides a local and regional benchmark for the information security practices in Caribbean and Barbadian businesses as well as highlighting key areas of risk.


KPMG Frontiers in Tax
KPMG Frontiers in Finance

Corporate Citizenship

Businesses are increasingly held accountable for the effect they have on the environment and society. Commitment to our communities is at the heart of our KPMG values and we are rigorous in our adherence to good corporate citizenship. In particular KPMG Barbados believes educational focus and opportunities at all levels are critical. Examples of this commitment are our adoption of the Arthur Smith Primary school, annual Barbados Community College ICT work term internships, summer internships for university level accounting students and the annual KPMG UWI prize for the top Accounting Student.

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