Project Description

The National Bank of the Virgin Islands was established by the Government of the Virgin Islands (the “Government”) in 1974. Originally called the Development Bank of the Virgin Islands, it began official operations in 1976. The Bank was initially created as a facility to provide loans to local farmers and fishermen, but it later expanded its scope to include industry, tourism, student, and housing loans. In 2005, the Bank’s name was officially changed to the National Bank of the Virgin Islands, and it became a corporate entity fully licensed by the Financial Services Commission, to operate as a commercial bank.