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Our
History
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
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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.
As
at 2002, top shareholding percentages are as follows:
RBTT
Financial Holdings Limited 29.7%
Government
of T&T 28.1%
European
Investment Bank 8.5%
Inter-American
Investment Corporation 8.5%
Our
Code of Ethics | History | Board
of Directors | Legal and
Accounting partners | Shareholders
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