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At the CIDB Apex

Cayman Islands Development Bank (CIDB) President and General Manager, Ms. Tracy Ebanks

Ms. Tracy Ebanks is the new President and General Manager of the Cayman Islands Development Bank (CIDB), the institution that provides locals with student, small business and mortgage loans.

With more than two decades of banking experience, particularly in lending, Ms. Ebanks' position as a board director ensured her direct involvement with CIDB management as long ago as 2002. However, she has also been Acting President since October 2009.

She honed her skills during a series of commercial bank positions at CIBC Bank and Trust and then at Scotiabank where, as senior account manager, she handled some of the major commercial borrowing clients.

At CIDB, Ms. Ebanks chaired two committees dealing with credit review and loan delinquency respectively, and in August 2009, she took her appointment as vice president/deputy manager quite in stride.

Just three months later, the resignation of the bank's president saw her promotion to acting president and general manager. Last month, the board confirmed her in those positions.

Ms. Ebanks brought her reputation for down-to-earth pragmatism to an institution that handles high risk loans, promoting the economy by stimulating the Islands' entrepreneurial spirit.

"No application is too small for CIDB," she notes. "The bank considers loan requests from locals to start up or run a range of small businesses, from automobile repairs, bakeries and beauty salons, to farm applications and retail tourism sales."

In addition, the bank recognises the need to assist small and modest home owners in restructuring their mortgage loans. Ms. Ebanks uses her extensive credit background to assess application viability while also protecting CIDB assets.

She strongly believes in rekindling the economy by assisting local growth, creating jobs and counselling and advising customers. "It is great to work with a government entity that has the same focus and recognises the role that banks have to play," she said.

Already, her role with CIDB has brought job satisfaction. "I find returning to my grass roots and helping Caymanians achieve their goals and dreams to be hugely rewarding," said this proud North Sider and mother of a son and daughter.

And to the banking acumen that she brings to the job, she adds the benefits of a deep community involvement, recognised in 2003 with a Quincentennial Lifetime Achievement Award.

Ms Ebanks is also respected in volleyball circles, both as a middle blocker on the women's national team and as treasurer of the CI Volleyball Federation.

(GIS)

For further information contact: Bina Mani