Bourse Report|12.06.2023| FirstCaribbean Improves, Scotia Slips

This week, at Bourse, Sarodh Ramkhelawan reviews the performance of Scotiabank Trinidad & Tobago (SBTT) and FirstCaribbean International Bank Limited (FCI) for their fiscal six-months (HY2023) period ended April 30, 2023. SBTT’s profitability was adversely impacted by higher expenses, while FCI benefited from increased revenue supported by improved economic activity. Could FCI continue to grow its earnings? Can SBTT effectively manage expenses as the financial year progresses?