Occidental Bank Barbados

Who are we?

We are a Bank incorporated in 1991 under the law of Barbados, a 100% subsidiary of Banco de Occidente, with an international license that allows us to provide financial services to individuals and companies not resident in Barbados.

Our mission is: To be an Off-Shore bank committed to our clients in the construction of long term relationships that can satisfy their financial needs and be a complement for their international business, seeking maximum profitability for their shareholders and the integral development of their human team, within the highest ethical values, quality in the processes and the use of the most appropriate technology.

History
Values

History of Ocidental Bank Barbados

Occidental Bank (Barbados) Ltd. was incorporated on May 16, 1991, under the name Union Bank (Barbados) Ltd. with its principal place of business on the Island of Barbados. Its shareholder was Banco Unión Colombiano, which was incorporated on December 14, 1976 with its principal place of business in Santa Fe de Bogotá.

Banco Unión Colombiano originated as a branch of the Royal Bank of Canada and after 50 years, it became a mixed bank as Banco Royal Colombiano. In 1988, Colombian investors bought out the foreign partners and adopted the name Banco Unión Colombiano.

On October 2, 2006 Banco de Occidente purchased Banco Union Colombiano and its subsidiary Union Bank (Barbados) Ltd.

On February 22, 2008 the subsidiary of Banco de Occidente changed its name from Union Bank (Barbados) Ltd. to Occidental Bank (Barbados) Ltd.

Loyalty and honesty

We must be consistent with the policies and rules that regulate all the activities developed by the Bank, acting with transparency, rectitude, responsibility and professionalism. “Nothing is as valuable as being able to look at our fellow men and women every day with our heads held high, our eyes clear and our honor intact”.

Customer Satisfaction

Customer satisfaction is at the center of the work and personal efforts of all employees. “Serving is our essence, good deeds reap good fruits”.

Commitment to results

Commitment to results is a positive attitude of doing things well, responding adequately to the expectations created by Shareholders, Managers, Customers and the Community in general.

Teamwork

Teamwork is to foster a sense of belonging, participation and the integral development of people. “The painter who finished the painting did not work alone. There was a team of colors working for him”.

Flexibility and adaptation to change

It is to place special value on flexibility and the ability to cope with change. “Humanity consists of three kinds of individuals: those who are immutable, those who can change, and those who change.”