CIBC launches ‘Professionals’ Edge’ initiative for top-end white-collar workers
CIBC FirstCaribbean has launched its first major initiative for 2025—Professionals’ Edge—offering up to 100 percent financing on property, investments, and other financial opportunities exclusively for select white-collar professionals.
The bank is marketing the initiative as a way for professionals to achieve their goals within a specific timeframe without using their own capital.
The product is designed for attorneys, compliance professionals, accountants, and auditors, with tailored requirements for doctors under a separate financial offering.
Despite career stage, the initiative promises to provide prestige and comfort to eligible professionals. CIBC FirstCaribbean’s Country Head, Fabian Devonish, emphasised the programme’s flexibility, stating: “Whether you are focused on growing a business, managing complex finances, or securing your future home, this service is built to address your unique needs.”
Business Developer, Tara Stoutt, noted that the initiative is specifically tailored to the BVI’s unique demographics, given the small population and strong presence of professionals in the region. Relationship Manager, Nelson Ramirez, revealed that the programme was initially inspired by a similar financing product for the medical profession. The bank later decided to develop Professionals’ Edge to cater to other high-demand fields in the territory.
“CIBC currently holds accounts with over 600 professionals in the industry, making this a lucrative and valuable offering,” Ramirez explained.
While the medical profession is not included in Professionals’ Edge, Ramirez confirmed that a separate financial product exists for doctors, given the unique complexities of the field.
CIBC FirstCaribbean highlighted that its bespoke, bundled financial products and services are specifically designed for industry practitioners at various stages of their careers.
The Professionals’ Edge initiative is expected to provide significant financial advantages to BVI professionals looking to expand their investments and achieve long-term financial goals.
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Most white collar professionals in private employment don’t spend much time in the BVI due to out of date labor and immigration laws so why would they borrow money in the BVI when it’s easier, cheaper and more convenient in their home countries?? Their assets are in their home countries so that’s where they will borrow money if then need to!
In other words you are offering finance to foreigners to buy the properties from locals and blue collar workers who work hard to build an economy in which your bank can thrive. These policies you don’t say them in public but thank you.
I wonder if CIBC knows that we are aware that the Government just borrowed $100 million from their bank. Is this how they are giving back to our country, by offering white-collar professionals a hundred percent financing on land and investments in our country? Wow. I have no problem with the offerings, but they should be across the board to whoever can pay you back, white-collar and blue-collar alike. If this is not a kick in the teeth I don’t know what is. Some of these banks in the BVI need to be asked to leave up out of here. We are just a cash cow for their other branches. Wickedness to the highest degree. Locals, get your car loans somewhere else. That’s all you can get easily from the banks. Ugly.
kmt and services so poor
On how to lever more money out of the public purse and NHI no doubt!