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Congratulations to our Graduating Scholars of 2025!

The Belize Bank Limited is proud to celebrate the achievements of ten outstanding young scholars. These exceptional individuals were recipients of the prestigious Belize Bank Scholarship program and are now ready to take on the next chapter of their lives.

From the moment they received their awards, these students have exemplified commitment, resilience, and the true spirit of academic excellence. We are honored to have been part of their academic journey and CONGRATULATE the following outstanding graduates:

    1. Kiah ChanCorozal Community College
    2. Norma Osman Jr.Orange Walk Technical High School
    3. Itzel GarciaSt. Catherine Academy
    4. Arelie RiveraBelmopan Comprehensive High School
    5. William Trapp Jr.Our Lady of Guadalupe R. C. High School
    6. Jatziris JuarezSan Pedro High School
    7. Emanuel OrtizSt. John’s College Junior College
    8. Ilia RuizSt. John’s College Junior College
    9. Samuel Gilharry –  Corozal Junior College
    10. Sueidy TorresIndependence Junior College

The  Belize Bank family looks forward to the future accomplishments of our esteemed scholars, who also serve as role models for our new recipients.  

Here’s to continued success and empowerment through education!

 

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E-Kyash Shines as a Caribbean Leader in Mobile Payment Innovation

As global mobile money adoption surpasses 2.1 billion registered accounts, Belize’s own digital payment solution—E-Kyash—is emerging as a standout example of innovation in the Caribbean. Developed by the Belize Bank, E-Kyash reflects the growing momentum of mobile financial services, as captured in the GSMA’s State of the Industry Report on Mobile Money 2025. With mobile money driving economic transformation worldwide, Belize is proving that small markets can lead in financial inclusion.

Unlike much of Latin America and the Caribbean, where mobile money activity slowed in 2024, Belize has moved against the trend. E-Kyash continues to gain ground by offering a secure, fast, and accessible way for Belizeans to manage their finances. Whether paying utility bills, shopping at local businesses, or sending money to loved ones, users value its simplicity and reliability in daily transactions.

Mobile money services globally contributed over $720 billion to GDP across participating markets by the end of 2023. In Belize, platforms like E-Kyash bridge financial gaps by granting unbanked and underbanked citizens access to essential financial tools. Users store funds, make transactions, and build financial habits that support long-term financial security—all without needing traditional banking access.

The GSMA report highlights mobile money’s transformative role in underserved communities, including women and small-scale entrepreneurs. E-Kyash’s streamlined onboarding, multilingual interface, and low-cost structure eliminate traditional barriers to financial participation, ensuring more Belizeans can access digital finance.

As the mobile money landscape matures, services are evolving beyond basic transfers to include savings, credit, and merchant payments. E-Kyash is keeping pace by introducing QR-based payments and partnering with local vendors, making digital transactions a more viable alternative to cash across Belize.

Education and outreach are key to long-term adoption. The Belize Bank has embraced global best practices by prioritizing financial literacy programs, ensuring users fully understand and utilize E-Kyash’s capabilities. Community workshops and awareness campaigns reinforce the advantages of digital payments, fostering trust and confidence in mobile finance.

E-Kyash’s continued growth reflects a broader industry shift: mobile money is no longer just a tool for inclusion—it’s a thriving digital finance ecosystem. With ongoing innovation, strong institutional support, and increasing public trust, E-Kyash is set to shape a more connected and financially empowered Belize.

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Belize Bank and Mastercard Host Second Girls4Tech Marathon, Empowering Young Girls in STEM

Belize City, Belize – March 20, 2025 – Belize Bank and Mastercard, proudly hosted the second Girls4Tech Marathon in Belize from March 17th to 19th, 2025. This transformative initiative provided 300 primary school girls in Belize with critical STEM (Science, Technology, Engineering, and Mathematics) skills, reinforcing the Bank’s ongoing commitment to education, financial inclusion, and gender equality.

The event was graced by Ms. Namrita Balani, Director of the Science, and Technology Unit in the Ministry of Education, who delivered an inspiring address emphasizing the importance of empowering young girls through education and technology. In her remarks, Ms. Balani stated, “Programs like Mastercard´s Girls4Tech are essential in breaking down barriers and ensuring that our young girls have the confidence and opportunities to pursue careers in STEM. We commend Belize Bank and Mastercard for their commitment to fostering a brighter, more inclusive future.”

Mr. Rodolfo Zavaleta, Mastercard’s Regional Commercial Director, also provided an insightful overview of the Mastercard Girls4Tech program. He highlighted its global impact and the significance of bringing this initiative to Belize for the second time. “Girls4Tech has a powerful purpose, to close the gender gap and encourage the interest and participation of girls in STEM subjects. We have already reached 7 million girls across 65 countries, surpassing our established goal of reaching 5 million girls by 2025. We are excited to be here in Belize for a second time, engaging more and more girls.”

Historically, gender stereotypes have discouraged women and girls from pursuing careers in STEM. However, initiatives like Girls4Tech, Belize Bank, and Mastercard are actively changing this narrative by providing young girls with hands-on experiences and exposure to technology-driven fields.

The impact of the program was evident in the feedback from participating schools. Grace Primary School Principal, Mrs. Dyann Garnett, shared, “Mastercard´s Girls4Tech has been an amazing experience for our girls. While strides have been made to close the gender gap in IT, challenges remain. This initiative provided our students with valuable exposure and confidence.” Similarly, Yolanda Davis, Principal of Pancotto Primary School, expressed gratitude, stating, “Our students were excited, and our teachers were encouraged to participate. Thank you, Belize Bank, for this experience!”

As the only bank in Belize to partner with Mastercard on this groundbreaking initiative, Executive Chairman, Mr. Filippo Alario stated: 

“Belize Bank remains committed to promoting financial inclusion and education for the youth of Belize. By equipping young girls with essential skills and resources, we are helping to build a more inclusive future where everyone, regardless of gender, has access to economic opportunities.

Belize Bank encourages stakeholders, educators, and community leaders to support initiatives like Girls4Tech in fostering innovation, gender equality, and education in Belize. Together, we can empower the next generation of female leaders and changemakers.”

Financial Inclusion Means You Too!

 

 

 

 

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Belize Bank Expands Financing for Renewable Energy SMEs in Partnership with CDF

Belize Bank Limited is proud to announce its latest initiative to support Small and Medium Enterprises (SMEs) in adopting Renewable Energy (RE) and Energy Efficiency (EE) solutions. Through a strategic partnership with the CARICOM Development Fund (CDF), we are enhancing financing opportunities for businesses seeking to invest in sustainable energy projects. This initiative is made possible through the Credit Risk Abatement Facility (CRAF), designed to increase access to financing while reducing collateral requirements.

 

Empowering SMEs with the Right Knowledge

To ensure that our team is fully equipped to assist SMEs in navigating the financing process, Belize Bank’s professionals recently completed specialized training with the CDF. This training enhances our ability to guide businesses through the loan application process and provide valuable insights into project feasibility and implementation.

 

Steps & Requirements for SMEs to Apply

SMEs interested in financing their RE or EE projects through this program must meet the following requirements:

 

  1. Project Proposal – A detailed proposal outlining project objectives, expected energy savings, and cost estimates.
  2. Business Documentation – Submission of business registration details, financial statements, and other relevant company documents.
  3. Loan Application – Completion of Belize Bank’s loan application process, including financial and collateral details.
  4. Technical Viability – Projects must align with RE/EE goals and demonstrate feasibility in reducing energy consumption and greenhouse gas emissions to qualify for CRAF support.
  5. Review & Approval – The Bank’s underwriting team will assess the application before making a final decision.

Additional eligibility requirements may apply.

 

Key Benefits to SMEs

By taking advantage of this financing opportunity, SMEs can benefit from:

Increased Access to Financing – Encourages lending for RE/EE initiatives.
Reduced Collateral Requirements – Making financing more accessible.
Technical Assistance – Targeted support for project feasibility and implementation.
Cost Savings & Competitiveness – RE and EE investments lower operational costs and enhance business efficiency.

 

Building a Greener and More Prosperous Future

At Belize Bank Limited, we are committed to driving sustainable economic growth and fostering innovation across Belize. By partnering with the CDF, we are creating new pathways for businesses to invest in clean energy solutions, reduce operational costs, and contribute to environmental sustainability.

If you’re an SME looking to finance an RE or EE project, contact your SME Relationship Officer today to learn more about eligibility and how we can support your journey toward a greener future.

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Belize Bank Limited Reaffirms Strong Credit Ratings with Stable Outlook

Belize City, Belize – February 17, 2025 – The Belize Bank Limited (BBL) is pleased to announce that Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the Bank’s corporate credit ratings, highlighting its strong market position and financial stability. BBL’s regional rating remains at CariBBB- (Foreign and Local Currency), while its Belize national scale rating is reaffirmed at bzAA+ (Local Currency). This reaffirmation reflects the Bank’s high creditworthiness relative to other financial institutions in Belize.

The ratings are as follows:

 

 

 

A copy of the CariCRIS Press Release can be viewed HERE.

CariCRIS has also maintained a stable outlook on these ratings, citing BBL’s continued profitability, a growing loan portfolio, and increasing adoption of digital banking solutions. The agency anticipates that over the next 12 to 15 months, the Bank will experience steady earnings growth, supported by higher fee income from digital transactions. While strategic and digital investments may lead to increased expenses, BBL is expected to maintain strong capitalization and good asset quality, ensuring it comfortably meets its financial obligations.

BBL’s reaffirmed ratings reflect its leading position in the Belizean banking sector, reinforced by an extensive distribution network and a robust risk management framework. Additionally, the Bank’s solid deposit base and strong liquidity position continue to support its financial strength. Ongoing digital transformation initiatives further bolster its operational efficiency and customer engagement. However, the ratings also acknowledge concentration risks within the Belizean economy and challenges associated with correspondent banking relationships, which continue to impact the broader financial sector.

Commenting on the ratings, Mr. Filippo Alario, Executive Chairman of Belize Bank Limited, stated:
I am pleased to share that CariCRIS has reaffirmed Belize Bank’s regional and local credit ratings. This recognition reflects not only our strong financial position and disciplined risk management but also our consistency in delivering solid results year after year.

This reaffirmation reinforces my confidence in our strategic direction, particularly our focus on digital transformation, financial inclusion, and driving sustainable economic growth in Belize. 

I want to personally thank our customers for their trust, our employees for their dedication, and our stakeholders for their continued support. Together we will continue to drive for excellence.”Belize Bank remains committed to delivering exceptional banking services and fostering financial inclusion, ensuring long-term value for its customers, employees, and shareholders.

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Belize Bank Limited Wins Prestigious Award at the 2024 Future Branches Innovators Awards

Belize Bank Limited is proud to announce its recognition at the 2024 Future Branches Innovators Awards, held on December 6th in Austin, Texas. The Bank secured first place in the “Most Effective Branch Technology Implementation” category, highlighting its leadership in leveraging innovation to enhance the banking experience.

This international recognition reflects Belize Bank’s unwavering commitment to operational excellence and customer-focused solutions. It also underscores the Bank’s dedication to advancing financial inclusion through cutting-edge technology—because at Belize Bank, “Financial Inclusion Means You Too.”

“At Belize Bank, we believe in empowering individuals and businesses by making financial services more accessible and inclusive,” said Chairman Filippo Alario. “This award is a testament to our efforts to modernize banking while ensuring that everyone benefits from the opportunities we create.”

Belize Bank extends its heartfelt gratitude to Future Branches for this honor and to its exceptional team for their dedication and hard work. Together, the Bank continues to set new benchmarks for innovation, accessibility, and customer-centric banking.

 

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The Belize Bank Unveils New Brand Identity at Nationwide Business Mixer

Belize City, Belize — November 27, 2024

Yesterday, November 26th, The Belize Bank Limited hosted a countrywide business mixer at its branches, bringing together valued partners, clients, and community members. This simultaneous gathering marked a significant milestone in the bank’s history as it unveiled its new brand identity, signaling a bold step toward the future.

Rooted in decades of service, innovation, and trust, the new brand identity reflects the bank’s transformation into a modern, forward-thinking financial institution. The refreshed branding represents progress, technological advancement, and a continued commitment to empowering clients’ financial goals—all while staying true to the Belizean values that have guided its journey.

“Our journey to this moment has been guided by one central theme: YOU. Our clients and communities inspire us to do better every day,” remarked Chief Operations Officer, Agata Ruta, during her address. She highlighted how the bank has evolved both internally and externally, adapting to meet the changing needs of its customers and the financial landscape.

The highlight of the evening was the address by Chairman Mr. Filippo Alario, who shared the vision behind the new identity. He emphasized the bank’s unwavering dedication to delivering exceptional service and fostering meaningful partnerships. Following his inspiring remarks, Mr. Alario unveiled the refreshed brand, symbolizing a new chapter in The Belize Bank’s journey.

This transformation reinforces the bank’s mission to offer innovative financial solutions while continuing to uphold the trust and relationships it has built over the years. The unveiling was simulcast across all branch locations, ensuring that clients and stakeholders throughout the country could share in this momentous occasion.

The Belize Bank Limited extends heartfelt gratitude to everyone who attended the business mixer and for their continued support. Together, we look forward to a future of innovation, collaboration, and success.

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Belize Bank and Hand in Hand Ministries Provide New Home to Family in Need

In a heartfelt ceremony, the Chairman of Belize Bank, Mr. Fillipo Alario, presented Ms. Ana Campos, an elderly mother of two, with the keys to her new home. This milestone marks the 13th family supported by the Bank under Hand in Hand’s  “Building for Change” program, an initiative that empowers families by providing them with safe, dignified housing.

Belize Bank’s involvement included both financial support and volunteerism, with a team of 40 dedicated employees contributing their time and labor to bring the project to life. Over three days, the volunteers worked alongside Hand in Hand Ministries to build Ms. Campos’ new home, transforming her living situation and offering her and her family a renewed sense of stability and hope.

In her remarks, Ms. Campos expressed profound gratitude for the support and efforts made by Belize Bank and Hand in Hand Ministries, noting the life-changing impact of the new home. This partnership exemplifies Belize Bank’s strong commitment to community engagement and philanthropy, emphasizing its role not only as a financial institution but also as a catalyst for positive change in the lives of Belizeans.

Through ongoing support of initiatives like “Building for Change,” Belize Bank continues to demonstrate its dedication to building a brighter future for individuals and families across the country.

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Belize Bank Proudly Sponsors Miss Universe Belize, Queen Halima Hoy

In collaboration with Miss Universe Belize Foundation Ltd. and House of Crowns by Team Destination, The Belize Bank announces its sponsorship of Miss Universe Belize 2024!

The bank has generously contributed $10,000.00 towards the cost of Halima Hoy’s evening gown, a crucial element of her presentation at the Miss Universe pageant in Mexico City.

Belize Bank’s sponsorship is more than just financial support; it is a statement of national pride and confidence in Halima Hoy’s potential to shine on the international stage. Additionally, the bank’s involvement in this prestigious event reflects its dedication to fostering local talent and promoting Belize’s cultural and social values worldwide.

Be sure to tune in on Saturday, November 16th as Halima Hoy-Ms. Universe Belize competes for the crown at the 73rd Miss Universe pageant.

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E-kyash featured on GSMA’s The State of the Industry Report on Mobile Money 2024

The article, “Growing mobile money bulk payments in Belize”, highlights the significant progress E-kyash has made since its launch in 2021.

We’re proud to be at the forefront of financial inclusion in Belize with E-kyash, the country’s first digital wallet. E-kyash has empowered over 13,000 rural residents, including 3,000 previously unbanked agricultural workers, by streamlining bulk payments and providing easy access to digital financial services. This innovation is transforming lives, especially for migrant workers in the citrus and banana industries, making financial inclusion more accessible than ever before.

Access the full report here

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