Posted: Thursday, July 10, 2025. 3:55 pm CST.
By Zoila Palma: The National Bank of Belize Limited (NBB) has appointed five new members to its Board of Directors, following formal vetting and approval by the Central Bank of Belize under Section 42(13) of the Domestic Banks and Financial Institutions Act.
The newly reconstituted Board, chaired by Thomas Tillett, MBA, A.I.C.B., held its first official meeting on July 3, 2025, at NBB’s Belize City office. The appointments mark a key step in the Bank’s ongoing governance renewal and strategic transformation.
The approved directors are:
Aidan Palacio
Alyson Courtenay
Vanessa Briceño
Alvan Gillett
Mark Chavarria Sr.
Chairman Tillett said the new Board brings a mix of experience and fresh perspectives. “This team strengthens our governance and reinforces our commitment to accountability, inclusiveness, and financial sustainability,” he noted.
NBB General Manager Dyon A. Elliott welcomed the appointments, emphasizing that the directors’ collective expertise will help drive the Bank’s strategic objectives and its mission of purpose-driven banking.
At the inaugural meeting, leadership provided updates on the Bank’s financial progress, including a Year-to-Date profit of BZD $3.775 million as of June 30, 2025—positioning the Bank for its first profitable year in nearly a decade.
NBB also reported a capital adequacy ratio twice the required 9%, reflecting strong fiscal oversight.
The Board reaffirmed its commitment to expanding responsible access to financial services and maintaining operational resilience.
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The post National Bank of Belize appoints 5 new directors appeared first on Belize News and Opinion on www.breakingbelizenews.com.
Posted: Thursday, July 10, 2025. 3:55 pm CST. By Zoila Palma: The National Bank of Belize Limited (NBB) has appointed five new members to its Board
The post National Bank of Belize appoints 5 new directors appeared first on Belize News and Opinion on www.breakingbelizenews.com.
