Notice to CIB Depositors


CHAP. 79:02 Amended By Act No. 2 of 1986

The Public is advised that on the 31st January, 2009 the Central Bank exercised its statutory authority to close Clico Investment Bank (CIB).

Deposit insurance up to TT$75,000.00 shall be paid to qualified depositors, in accordance with Central Bank Act 79:02, amended by Act No. 2 of 1986.

In addition, the government of Trinidad and Tobago guarantees payment of remaining balances under the conditions for payment set out in notices published in the daily newspapers dated Wednesday 18th February, 2009, captioned- Central Bank Statement to CIB Customers.

Qualified depositors may elect to be paid deposit insurance only, or be paid their deposits under the conditions set out in the published Central Bank Statement.

Customers, who reject Central Bank conditions and elect payment solely in accordance with deposit insurance legislation, are invited to contact the Deposit Insurance Corporation at phone number: 800-4DIC (800-4342) or 625-5020/1 for further information with respect to making claims.

Deposit insurance payments on submitted claims, shall commence no later than 30th April, 2009.

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