FirstCaribbean Partners with CHA

FirstCaribbean International Bank and the Caribbean Hotel Association (CHA) have signed a strategic partnership agreement to work together that, among other things, provides hotel workers across the region with special concessions on loans and mortgages.

With an estimated 1.3 million people working in the tourism industry in the Caribbean it is expected that an initiative such as this - granting special rates to hotel workers - should greatly facilitate the progress of the region´s people as they access financing to pursue their dreams and goals, initiative sponsors believe.

Furthermore, FirstCaribbean has also agreed to fund research done by CHA. As a financial institution, the Bank values timely and accurate information both for an understanding of present realities, as well as to forecast future trends. The findings of any research undertaken by CHA should not only help that organization in its planning but provide the Bank with information on an industry that is the main economic plank in most of the territories in which it operates.

Under the agreement, which, in part, should facilitate the development of program to benefit CHA member hotels, the association will also make FirstCaribbean International Bank its official bank.