BOSVG Reports Strong Half-Year Profit of $25.9 Million

By Admin. Updated 5:17 p.m., Thursday, August 14, 2025, Atlantic Standard Time (GMT-4). 

The Bank of St. Vincent and the Grenadines Ltd. (BOSVG) has announced a robust financial performance for the first half of the current financial year, recording a profit before tax of $25.9 million.

The bank said in an an August 14 press release this result highlights its steadfast dedication to sound financial management, operational excellence, and its ongoing mission to foster economic growth and create opportunities for the people of St. Vincent and the Grenadines (SVG).

In the press release, the bank said that during the half-year financial period it maintained a strong asset base of $2.2 billion and demonstrated financial resilience with a total capital adequacy of 20.6 percent.

The bank’s liquidity position remained solid, with liquid assets representing 25.8% of deposits, ensuring that customer demands continue to be met effectively.

The BOSVG demonstrated operational with an efficiency ratio of 57.2 percent. The total expenses to net interest ratio stood at 80.0%, signalling disciplined management of operating expenses. BOSVG also sustained a healthy loan portfolio, with a low non-performing loan ratio of 4.1%, supported by a strong total provision coverage ratio of 136.0%, mitigating credit risk.

Financial returns for the half-year were equally encouraging, with a return on assets of 2.1% and a return on equity of 23.8%, underlining BOSVG’s ability to generate shareholder value.

The ratio of loans and investments to deposits was 86.5 percent.

BOSVG said it extends its sincere gratitude to its customers, shareholders, and the wider community for their continued trust and partnership.

The bank said it remains committed to working collaboratively towards a stronger and more prosperous future for St. Vincent and the Grenadines.

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