About DFL Caribbean Ltd.
The company was established in 1970 at a time when the financial system in Trinidad and Tobago was undeveloped. Since that time, the company has undergone many transformations - there have been fundamental changes in ownership, management, culture and perspectives.
The company was originally intended to function as a private sector development bank involved in the promotion and enhancement of economic development of Trinidad and Tobago.
However the government of Trinidad and Tobago provided initial equity of 95% and controlled all major operations. One of their key initial objectives involved the development of the capital market and this never materialised. In 1987, with a new Chief Executive and through his efforts, there was new private sector injection of equity and a restructuring of the company.
The original purpose of the company was reinvented and though the main focus was on profitability, new areas of activity that were encouraged included:
- International lending
- Investment in risk capital operations
- Foreign currency lending
- Export oriented manufacturing
- Industrial services
- Tourism
Today, DFL has evolved into a vibrant, competitive, leading-edge provider of finance, risk capital and strategic management services in the region.
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