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Saint Lucia's international financial sector has received a further boost this week.

It comes as Petrus Private Bank officially opened its local operations during a brief ceremony at the Capella Resort in Marigot Bay on Tuesday, February 16, 2016. The ceremony was attended by Minister for Commerce, Hon. Emma Hippolyte as well as officials from the financial institution and members of staff of the Financial Services Regulatory Authority in the Ministry of Finance, Economic Affairs, Planning & Social Security.

Addressing the audience, Prime Minister Dr. Kenny. Anthony thanked the Bank's leadership for choosing Saint Lucia over other jurisdictions in the Caribbean and Switzerland noting their stated ambition "to become the Caribbean bank of choice for individuals who seek a financial institution that can relate to their motives, aspirations and needs."

The Prime Minister went on to note the complex international regulatory environment that governs the offshore financial sector, and to outline the steps the Government of Saint Lucia has taken over the past four years in particular "to avoid being blacklisted and to remain attractive and competitive."
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