The major shareholder of ECHMB is the Eastern Caribbean Central Bank. ECCB holds 25% of the total shareholding.
ECHMB currently has sixty-four (64) Shareholders including the Eastern Caribbean Central Bank (the major shareholder), social security schemes, commercial banks, credit unions, building and loan societies, mortgage finance companies and insurance companies.
The Eastern Caribbean Home Mortgage Bank (ECHMB) Office is located in the ECCB Complex. ECHMB was established by the participating member governments of the ECCU including Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia and St. Vincent and The Grenadines. ECHMB was established under the ECHMB Agreement 1994 which was consented to by the participating member governments.
ECHMB was registered in Grenada, however, it can conduct business across its member territories. In order words, ECHMB can raise funding across it member territories and purchase mortgages in Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia and St. Vincent and The Grenadines.
The ECHMB was incorporated in Grenada, however it is authorized to conduct business in its member territories.
ECHMB presently has five directors representing the following classes of shareholders Class
A 1 Director Class
B 1 Director Class
C 2 Directors Class
B 1 Director