View and download current and past Bermuda Commercial Bank Annual Reports.
During the past three years, BCB has totally transformed its infrastructure. The Bank has recruited an independent and effective Board; deepened its senior management team; adopted a new and comprehensive enterprise risk management framework; implemented entirely new core banking software; and moved into ideal premises.
Download BCB 2016 Annual Report (2.6 MB)
The financial results for the year were solid. The Bank earned total revenues of $35.3 million (up by 7.5% year-on-year) and a net profit of $8.0 million (2014: $9.2 million). The Bank ended the financial year with shareholder’s capital of $109.5 million and total assets of $759.7 million.
Download BCB 2015 Annual Report (1.7MB)
Our 2014 financial performance was consistent and in-line with expectations. Profits of $9.21 million against a level of $8.86 million in 2013 reflect strong performance within our investment portfolio during the year. Net interest income has increased from $15.98 million to $18.17 million. The quality of the Investment Portfolio continues to strengthen and realised gains have improved from $14.69 million to $17.84 million during the year.
Download BCB 2014 Annual Report (1.2MB)
Bermuda Commercial Bank has delivered a strong set of 2013 financial results in difficult market conditions. As a regulated, trust driven business, the Bank seeks to generate sustainable financial performance and we achieved that again this year by recording profit of $8.86 million. In addition, we increased shareholder capital to $109.46 million and grew total assets to $591.67 million. Our strong capital and liquidity positions provide a stable base for the continuing development of the Bank.
Download BCB 2013 Annual Report PDF (1.2MB)
Bermuda Commercial Bank's balance sheet, capital position and profitability all improved significantly during the year and this growth has been driven particularly by solid customer deposits, increased fee income and strong, stable interest earnings on our investment portfolio. The Bank's profit, together with the unrealised growth of the Bank's investment portfolio, boosted shareholder's equity to $104.76 million at September 30, 2012 compared with $82.92 million at September 30, 2011. Profit for the year was $7.45 million, up from $2.60 million last year while total assets increased by $40.03 million to $572.01 million from $531.98 million in 2011.
Download BCB 2012 Annual Report PDF (1.6MB)
Bermuda Commercial Bank’s balance sheet, capital position and profitability continue to grow; driven by new deposits and strong increases in interest income. The careful transition of a portion of our balance sheet out of cash and into a diversified portfolio of securities resulted in strong interest income growth. This resulted in underlying profit for the year of $2.60 million, up from $1.18 million last year while our total assets increased by $122.32 million to $531.98 million from $409.66 million in 2010.
Download BCB 2011 Annual Report PDF (1.6MB)
Bermuda Commercial Bank has returned to profit in the second half of the year largely as a result of investing the Bank’s own capital in a portfolio of international bonds. The Bank’s profit for the year was $1.18 million, compared to an operating loss of $0.38 million for the prior year.
Download BCB 2010 Annual Report PDF (1MB)
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