Posted: Friday, September 20, 2019. 1:12 pm CST.
Caye International Bank was recently awarded the prestigious title of Best Offshore Private Bank in Latin America for 2019. The award was issued by Wealth and Finance International, the go-to resource for fund managers as well as institutional and private investors around the world. The award is considered quite prestigious in the banking industry and is also a testament to Caye’s outstanding performance in the Latin American marketplace.
Joel Nagel, the chairman of Caye International Bank, remarked: “Caye has built its reputation on quality products and services. We have one of the highest liquidity ratios, which allows us to demonstrate our trustworthiness and our commitment to reliability.” Nagel added: “The team at Caye is committed to the highest standards of integrity, dependability, and innovation in the financial marketplace.”
Caye International Bank’s Partnerships
Caye has succeeded in forming business partnerships that allow it to offer more services to its existing customers and to reach out to new clients. For example, Caye offers a Visa® debit card through a partnership with Es Solo, a Florida-based fintech company. Caye also recently finalized two new correspondent relationships with Bancredito of Puerto Rico and TS Bank of Iowa, allowing it to offer wealth management services through the TS Prosperity Group.
Belize Is the Perfect Location for International Banking
Belize has proven to be an excellent location for international banking for a variety of reasons. Belize is a no-tax regime, which means that clients get privacy and confidentiality, without government intervention. They can deposit and withdraw money at any time, with no exchange controls.
English is Belize’s official language, which means there is no language barrier between U.S. or European clients and Belizean financial officials. Belize is also in the Central Standard Time Zone, which is the same as the U.S. Midwest. This means that American clients can easily contact the bank and can have convenient access to customer support.
In addition, the exchange rate is very simple and straightforward for U.S. clients since the Belizean currency is bound to the U.S. dollar at a two-to-one ratio. Caye International Bank accepts a variety of currencies as well, including the U.S. dollar, Canadian dollar, Swiss franc, euro, and British pound.
Caye International Bank Has Made a Name for Itself in Offshore Banking
While location is very important, the ultimate reason why Caye International Bank received this significant award is because of what it brings to the table. The bank offers a full suite of traditional and non-traditional banking services. It remains committed to financial responsibility and to the diversification of funding and revenue structures.
Caye International Bank allows clients to open private offshore accounts with all the convenience of a local bank account. Clients can get 24/7 access to online banking and have the ability to safely transfer funds. They can also get offshore loans with terms that are not available in North America or Europe and they can explore a whole new world of offshore investment opportunities.
Joel Nagel asserted that the bank is particularly committed to customer service and that it has an extremely dedicated leadership team. He was quick to credit the bank’s staff and loyal clients, saying: “The success of Caye International Bank and its growing regional footprint is built on the contributions of our staff, our forward-thinking board members, and the loyalty of our clients.” Working alongside Nagel on the leadership team are Managing Director Josh Guttau, Senior Vice President Luigi Wewege, Executive Vice President Dean Roches, and Chief Operating Officer Gladys Urbina.
While Best Offshore Private Bank in Latin America is Caye International Bank’s most recent award, Caye International Bank did not just receive that award in a vacuum. The bank has also received quite a few awards in the past. Wealth and Finance International named it the Most Outstanding Offshore Bank in Central America in 2018, and Global Finance Magazine ranked it the Best Private Bank in Belize in both 2018 and 2019.
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