Bourse Report

Bourse Report| 27.06.2022| FCI, SBTT Record Improved Earnings

This week, at Bourse, Sarodh Ramkhelawan reviews the performance of two Canadian-owned Banking stocks, FirstCaribbean International Bank Limited (FCI) and Scotiabank Trinidad and Tobago Limited (SBTT) for the six-month period ended April 30th 2022 (HY 2022). SBTT reported lower Net Interest Income which was offset by increased revenues from other business lines. FCI, meanwhile, benefitted from increased Total Revenues and a reversal on Credit Losses. Could both entities benefit from a rising interest rate environment?

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