Here is a brief summary of the local banks from Central Bank in the newspapers.
First Caribbean Bank Ltd. lost almost $2 million in the past quarter. They take the BOOBY prize.
Nova Scotia Bank was the most profitable bank with over $12 million
Belize bank has the most retained earnings. Whatever that gibberish means?
With $173 million. No other bank is close.
Personal loans are costing 14% interest from banks. 18% interest for a loan to buy real estate. Credit Union charge 12%
Mortgage rates in Belize from banks are 14%
Belize Bank has the most money and thus the most loans out. About $630 million.
Belize Bank has the best returns on assets, at nearly 5%, but Nova Scotia bank has the best returns on equity at 32%.