Managers of Wealth Offshore

Banks Suffer $145m Hit To Cover Covid Losses

Approximately $145m of such expected losses were charged to profits in 2020. This reversed trends of gradually reducing provisioning levels since 2015.

Offshore elite firms thrive despite challenges

Collectively, OFCs provide significant levels of regulatory and tax competition for their onshore counterparts, but they are also complementary to their financial activities.

How Mauritius became the hottest investment opportunity on the continent

Back in 2017, the Financial Times published a special report on investing in Mauritius, headlined “Mauritius sets sights on becoming new Singapore”.

Making an Impact

Justin Sykes, CEO and founder of Guernsey-based Innovest Advisory and a pioneer in impact investment, outlines the recent development of that sector.

Cannabis helping to keep the finance sector busy

GUERNSEY is ‘ahead of the game’ when it comes to enjoying new business from the expanding global legalised cannabis market.

Is Malta still a fantastic place to do business?

Some years ago, Malta looked to diversify its economy away from the previous mainstay of tourism, which contributes to around a fifth of the country’s GDP.

Redonda: The Caribbean island transformed into an eco haven

Fast forward five years and uninhabited Redonda's once barren terrain is today a fertile eco haven, teeming with fresh new vegetation while populations of birds and endemic lizards have soared.

Bank of Valletta plc: A look-through into the local economy

Management reported that this decline is mainly attributable to growth in deposits and the simultaneous persistent negative interest rates which have continued to impact BOV’s net interest margin.

Guernsey charities express "serious concern" over new banking fees

The AGC says the extra charges could take up to £20,000 a year from charities "at a time when most have been severely constrained from raising funds".

Complete with volcanoes, waterfalls and high speed Internet – This Caribbean Island is offering extended stay-visas just for remote workers

Once here, visitors can also enjoy discounts and duty-free charges on select items.

EY Malta’s Future Consumer Survey shows only 4% have long-term job concerns

Consumers are increasingly yearning for an improvement in their lifestyle • 20% of people say that their values and perception of life has changed

7% growth in global reinsurance capital, with signs of underlying combined ratio improvement: Willis Re

Willis Re’s Reinsurance Market Report tracks the capital and profitability of the global reinsurance industry.

Can we still consider markets rational?

Indeed, our understanding of market rationality will stem from an understanding of rationality itself.

Bank Chief: Global Projections Mean Nothing Locally

Understanding our primary industry being tourism, our principal markets are North America, and so as it relates to global growth that includes both the developed countries, as well as developing and emerging economies.

World Bank and IMF forecast 5.5% growth in 2021 for Dominican Republic

Other projections are: Paraguay (3.5%), Uruguay and Ecuador (3.4%), Brazil (3.0%), Costa Rica (2.6%) and Nicaragua (0.9%)

BOV’s financials dented by COVID

BOV’s CEO Rick Hunkin described the underlying performance as “strong despite an interest rate environment which is creating persistent headwinds”.

Over $1.3bn collected in wake of Panama Papers leak

UK tops the list with biggest sum recouped of more than $250m

Jamaica National to convert Cayman entity into commercial bank

Currently JN Cayman is offering mainly mortgages and savings to its members.

Can banks really profit from inflation?

This has started to worry bond investors for quite a few weeks now

MALTA: Improving access to EU funds

The benefits of EU funds to businesses have long been apparent, and our research aims to quantify that.

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