The Evolution Of Atlantic Bank: A Belizean Success Story

Atlantic Bank is a financial services and fintech company based in Belize City, Belize. The bank has a Tier 1 capital of US$ m at 31-Dec-2022 and has reported pre-tax profits of US$ m, indicating growth compared to the previous year. Atlantic Bank has multiple branches across Belize, including in Belize City, Belmopan, Caye Caulker, and San Pedro, and it also has branches overseas. The bank offers a wide range of credit facilities and financing options to its customers.

Atlantic Bank's Belize City branches

Atlantic Bank is a financial services and fintech company with its headquarters in Belize City, Belize. The bank has a Tier 1 capital of US$ m at 31-Dec-2022, indicating year-on-year growth.

Atlantic Bank has several branches in Belize City, with the following addresses and contact details:

Albert Street Branch

• Address: Albert Street
• Phone: +501.227.1225 or +501.227.1226
• Fax: +501.227.7736
• Opening Hours: Mon, Tues, Thurs: 8:00 AM – 3:00 PM; Wed: 8:00 AM – 1:00 PM

Freetown Branch

• Address: Corner of Cleghorn Street and Freetown Road
• Phone: +501.223.4123 or +501.223.3921
• Fax: +501.223.3907
• Opening Hours: Mon, Tues, Thurs: 8:00 AM – 3:00 PM; Wed: 8:00 AM – 1:00 PM

Collet Agency

• Address: Corner of Cemetery Road and Magazine Road
• Phone: +501.227.2672
• Fax: +501.227.2675
• Opening Hours: Mon, Tues, Thurs, Fri: 8:00 AM – 3:00 PM; Wed: 8:00 AM – 1:00 PM

The bank's financial status

Atlantic Bank is a financial services and fintech company headquartered in Belize City, Belize. The bank has been in operation since 1971, providing a range of financial services to individuals and businesses, including accounts, loans, cards, online banking, and merchant services.

Atlantic Bank's management team consists of experienced professionals with a deep understanding of the financial industry and the local business environment. The bank's focus on customer satisfaction and community development has earned it a loyal customer base and a solid reputation as a trustworthy financial institution in Belize.

In terms of financial performance, Atlantic Bank reported a Tier 1 capital of US$ m at the end of 2022, indicating positive growth compared to the previous year. The bank also reported an increase in pre-tax profits for the same period. However, the specific figures for pre-tax profits were not disclosed.

Atlantic Bank has a strong reputation and is committed to contributing to the growth and development of the communities it serves. The bank achieves this through partnerships with organizations that promote education, health, sports, culture, and environmental awareness.

Overall, Atlantic Bank's financial status appears positive, with growth in key financial metrics and a strong focus on customer satisfaction and community development. The bank's commitment to investing in technology and digital capabilities also positions it well to provide efficient and convenient banking services to its customers.

Competitors

Atlantic Bank, established in Belize City, Belize, in 1971, is the country's largest bank in terms of assets. The bank has a strong focus on contributing to the development of Belize, particularly in the tourism sector.

Atlantic Bank faces competition from other financial institutions in the country, including:

• Trafalgar Mexico: A potential competitor to Atlantic Bank, as indicated by Crunchbase. However, there is limited information available about their operations in Belize.
• Belize Bank: This bank is a significant player in the Belizean financial sector and likely competes with Atlantic Bank for customers and market share.
• Scotia Bank: With a presence in Belize, Scotia Bank offers a range of financial services that may compete with those of Atlantic Bank.
• First Caribbean International Bank: Operating in Belize, this bank provides corporate, retail, and investment banking services, directly competing with Atlantic Bank in the financial services arena.
• Heritage Bank: As a local financial institution, Heritage Bank likely targets similar customer segments as Atlantic Bank, potentially leading to increased competition.

These competitors, along with other financial institutions in Belize, vie for market share and customers in the country's banking sector. They differentiate themselves through their product offerings, interest rates, customer service, and technological innovations. The level of competition helps drive innovation and improvement in the industry, ultimately benefiting the consumers and businesses in Belize.

Online banking services

Atlantic Bank, established in 1971, offers online banking services to its customers, providing them with greater control over their finances. With just one password, customers can securely manage their accounts from anywhere with an internet connection. This includes the ability to manage chequing, savings, credit card, mortgage, loans, and investment accounts.

Atlantic Bank's online platform allows customers to pay bills, view current balance information, and review transaction history. Customers can also pay their utility bills, credit card bills, and transfer funds between their own accounts or to other Atlantic Bank accounts, as well as authorise transfers to accounts at other banks. Additionally, customers can set up a free Standing Order to any Belize Bank account and review images of cleared cheques.

The bank also provides a mobile app for digital banking, allowing customers to access their accounts, loans, and credit cards quickly and conveniently. The app enables users to manage their favourites, send and receive notifications, and make various types of payments, including school fees and credit card bills.

Atlantic Bank's online banking services are free of cost, and customers can sign up easily by filling out an application form. The bank also offers free bill payments, whether processed online or through their tellers, and free payments to the Social Security and Government of Belize for taxes.

Atlantic Bank's headquarters

Atlantic Bank is a financial services and fintech company located in Belize City, Belize. It has a Tier 1 capital of US$ m at 31-Dec-2022, indicating growth compared to the previous year. The bank has also reported increased pre-tax profits.

Atlantic Bank has multiple branches in Belize and overseas, with a presence in Albert Street, Freetown Road, Garden City Plaza, and more. The Albert Street branch is located on Albert Street in Belize City and can be contacted via telephone or fax. It is open Monday, Tuesday, and Thursday from 8:00 AM to 3:00 PM, and on Wednesday from 8:00 AM to 1:00 PM.

The Freetown branch is located on the corner of Cleghorn Street and Freetown Road in Belize City. It follows the same opening hours as the Albert Street branch. The Collet Agency branch is located on the corner of Cemetery Road and Magazine Road. This branch is open from Monday to Thursday from 8:00 AM to 3:00 PM and on Friday from 8:00 AM to 1:00 PM.

Atlantic Bank also has a presence in other areas of Belize, such as Caye Caulker, the Commercial Free Zone, Corozal Town, Ladyville, and Orange Walk Town.

Frequently asked questions