Incorporated on May 13th, 1998, Provident Bank & Trust of Belize Limited was established with Class ‘A’ license to provide international banking services to non-residents. It became the pioneer and leader in international banking services in Belize and has evolved into a globally competitive international bank.
Three years later on January 2, 2001, the Alliance Bank of Belize Limited was incorporated to undertake domestic banking to residents of Belize. ABBL’s entrance in the market was historic for Belize in that for the first time, Belizeans could save, borrow and invest in a local bank which would channel funds invested right back in the country. The bank shaped its operations around policies and goals aimed at encouraging the growth of local businesses and building Belize by offering the best savings and loan rates on the market.
Both institutions shared common shareholders and in 2006 a decision was made for Provident Bank & Trust of Belize Limited to acquire majority shareholding in the Alliance Bank of Belize Limited. In October 2008, the process of integration within the regulatory and legal framework began and, in January of 2009, we commenced the physical changes necessary to fully integrate all functions. We have since integrated all functions to benefit from synergies, resulting in one Board of Directors, one Management Team, and one staff complement body.
As part of a fresh image and new beginning, the names of both banks were changed effective January 1st, 2010. The name Provident Bank & Trust of Belize Limited was changed to Heritage International Bank & Trust Limited and Alliance Bank of Belize Limited was changed to Heritage Bank Limited.
From a holistic and futuristic view, the merger brings greater meaning to our value chain and vision. The competitive advantages gained are reflected in our size, breadth of product offerings and client base; the presence of an international and domestic arm; and a stronger market positioning.
The Bank is dedicated to maximizing shareholder value by providing superior and innovative banking services tailored to meet the needs of our clients in a cost effective way by utilizing technology and the skills of a highly trained cadre of employees.
Become the Premier Financial Institution in the eyes of our customers, shareholders, employees and the wider community.