Background of the ECHMB

The Governments of Anguilla, Antigua and Barbuda, The Commonwealth of Dominica, Grenada, Montserrat, St. Kitts-Nevis, St. Lucia and St. Vincent and the Grenadines signed an agreement on 27 May 1994, to establish the Eastern Caribbean Home Mortgage Bank  (hereinafter referred to as the “the Bank”).

The Bank was formally established on 19 August 1994, in accordance with Article 40 of the Eastern Caribbean Home Mortgage Bank Agreement, which was incorporated in the Eastern Caribbean Home Mortgage Bank Agreement Act, and subsequently passed in the member territories.  The primary office of the Bank is located at Bird Rock, Basseterre, St. Kitts and Nevis.

The Bank is a dynamic financial institution,Replica Patek Philippe Watches operating safely and profitably to develop the financial sector and mortgage industry in the Member Territories. The Bank focused priority is to be the premier vehicle for developing the financial sector and mortgage industry within the Member Territories, in a socially responsible manner and strive to become the employer of choice while ensuring safety and above market returns for the providers of capital.

Our strategic priorities are as follows:-

  • Innovative

Introduce new ideas and creative   thinking to the capital market and mortgage industry.

  • Excellence in risk management

Promote the highest standards in corporate governance and risk management

  • Excellence in customer service

Understanding and fulfilling the capital market and housing needs.

  • Excellence in organisation and staffing

Attract, retain and develop the best talent.

  • Stakeholders driven

Promote the interest of providers of capital and other connected individuals.

The purposes of the Bank are:-

  • to develop and maintain a secondary market for residential mortgages in the member territories;
  • to contribute to the mobilisation and allocation of long-term savings for investment in housing;
  • to support the development of a system of housing finance and provide leadership in the housing and home finance industry;
  • to promote the growth and development of the money and capital market;
  • to improve underwriting practices and efficiency in processing mortgages and to promote services and benefits related to such mortgages.