Republic Bank (BVI) Limited say they are proud to announce its official recognition as a member of the Virgin Islands Deposit Insurance Corporation (VIDIC). This significant milestone underscores Republic Bank’s commitment to enhancing financial security, protecting its customers, and reinforcing the stability of the banking sector in the British Virgin Islands.
On March 27, 2025, at a ceremony held at Republic Bank’s headquarters, the bank was presented with its official VIDIC Membership Certificate by CEO Lisa Ann Violet of VIDIC.
The event also marked the installation of the VIDIC Decal, symbolising the Bank’s dedication to upholding the highest standards of financial integrity and customer trust.
VIDIC, established by the Ministry of Finance, plays a crucial role in ensuring the financial security of depositors by providing deposit protection, promoting financial stability, and offering public education. As a member of VIDIC, Republic Bank joins a network of local financial institutions committed to maintaining the integrity, security, and strength of the financial system in the territory.
Ms. Marion Blyden, Managing Director of Republic Bank (BVI), stated, “Joining VIDIC is not just about compliance; it’s about our ongoing commitment to our customers and the broader community. We are dedicated to maintaining the highest level of trust and confidence among our valued customers.”