Antigua Commercial Bank wishes to inform the public that it has ceased operations as a licensed broker dealer on the Eastern Caribbean Securities Exchange (ECSE).

The Eastern Caribbean Securities Regulatory Commission (ECSRC) revoked the operating license based on the requirement to submit Audited Financial Statements within the timeframe mandated by the Legislation.

However, the Bank is now up to date with its Audited Financial Statements, which have been prepared in accordance with International Financial Reporting Standards, and which were presented to its shareholders at the 56th Annual General Meeting on 20th December, 2012.

The decision to reapply for the subject licence remains under consideration.

Antigua Commercial Bank wishes to assure its many customers, shareholders and other stakeholders that its role as a licenced broker is only a minor extension of its business and has no direct relation to the normal operations of the Bank.