All about your bank
is the first, oldest continuing, and largest bank in Belize.
Belize Bank
insurance companies, pension funds. government-sponsored enterprises, and finance companies.
Are examples of ____________________________
nondepository institutions
3 Financial Institution listed in this presentation.
.............
List 5 similar services FI offers
Business loans.
Checking accounts.
Savings accounts.(ATM)
Debit and credit cards.
Merchant services (credit card processing, reconciliation and reporting, check collection)
Treasury services (payroll services, deposit services, etc.)
is the leader in providing innovative banking services and intelligent solutions to its valued customers.
Atlantic Bank
a financial institution that funds their investment activities from the sale of securities or insurance.
Non Depository Institutions
is fully owned by the Government of Belize
National Bank of Belize
List 3 requirements for getting a loan
Valid ID, either Social Security Card or Passport
Be between the ages of 18 years and 65 years
Gainfully employed for 12 months or show evidence of self employment
Earn a minimum of $1,500.00 monthly
Submit Letter of Employment – stating years of service and annual income.
All banks are independent but still regulated by the______________
Belize Central Bank
a ________________ is a financial institution that is legally allowed to accept monetary deposits from consumers.
Depository Institutions
How many parishioners founded the St. John’s Credit Union?
10
Explain Reducing balance rate
Reducing balance rate, means an interest rate that is calculated every month on the outstanding loan amount.
Has a reserves of 400 million USD
Belize Central Bank
List the types of Financial Institutions
Depository Institutions and Non Depository Institutions
is a merger of Provident Bank & Trust of Belize Limited and Alliance Bank of Belize Limited
Heritage Bank
Give the difference between credit and debit card
Debit cards allow you to spend money by drawing on funds you have deposited at the bank.
Credit cards allow you to borrow money from the card issuer up to a certain limit in order to purchase items or withdraw cash
was established on August 16th, 1971
Atlantic Bank
Define financial institutions
financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange
_____________is the only development bank in Belize
DFC
List 5 requirements for getting a business loan
APPLICATION REQUIREMENTS:
Business Plan
Loan Security
20% contribution – New Borrower OR
15% contribution – 3x Repeat borrower
Financial Records
Proof of Income: Job letter & 2 most recent Pay Slips OR Income Statement if self-employed
Documents – Any relevant permits, licenses etc.
18 years or older.
Photo ID: Social Security Card or Passport
Must be Belizean, Legal Resident or Company with majority Belizean shareholding