First Bank British Virgin Islands - good?

[Kien]

Hello All:

A company incorporation consultant can help open a business bank account with First Bank BVI, www.1firstbank.com

Is this bank good? We will be doing international trading transactions and need a good bank to process international payments to suppliers in China and other countries.

Thank you

 

[TurnedToRobot]

Do you know what the conditions are in regards to documents, personal visit and maybe skype call?

 

[Martin Everson]

The bank is listed on the New York Stock Exchange and from what I can see about its 2018 financials it seems a solid bank financially with strong capital ratio. In fact they claim to be in top 5% of all U.S Banks for capital ratio. However it is still a Puerto Rican banking group so be warned.

http://www.snl.com/Cache/1001250851.PDF?O=PDF&T=&Y=&D=&FID=1001250851&iid=4041406
http://www.snl.com/IRW/CorporateProfile/4041406

If you are able to open an account for a BVI company do let us know.

 

[Kien]

Do you know what the conditions are in regards to documents, personal visit and maybe skype call?

Not yet; we are exploring different jurisdictions before firmly engaging the consultant, so we haven’t reached the stage where documents are requested from us.

 

[Kien]

The bank is listed on the New York Stock Exchange and from what I can see about its 2018 financials it seems a solid bank financially with strong capital ratio. In fact they claim to be in top 5% of all U.S Banks for capital ratio. However it is still a Puerto Rican banking group so be warned.

http://www.snl.com/Cache/1001250851.PDF?O=PDF&T=&Y=&D=&FID=1001250851&iid=4041406
http://www.snl.com/IRW/CorporateProfile/4041406

If you are able to open an account for a BVI company do let us know.

Thank you, Martin. This is useful.