Financial Investment and Consultancy Services Limited, FICS, is celebrating 34 years of service this week, highlighting what officials describe as steady progress, strengthened operations, and renewed stability for the institution.
The anniversary comes during a period of structured reform under the oversight of Official Administrator Nigel Street, who was appointed in 2025, by the Eastern Caribbean Central Bank.
Street says the institution has made meaningful improvements over the past year, both financially and operationally. “When I was appointed, the initial appointment was for six months,” Street explained. “After reviewing the performance of FICS, it was extended for another six months, and the Central Bank is pleased with the progress we have made. We have improved our financial and operational performance and introduced new products and services.”
He noted that while work continues, the level of stability achieved has been encouraging. “I say success carefully because we are not fully out of the woods yet,” Street stated. “But I am encouraged with where we are. I can see stability. I can see progress being made. And I can see the possibility for continued success.”
Street credited the institution’s customers, staff, and key stakeholders for helping FICS navigate challenging times.
“Our customers stayed with us even when they were understandably anxious,” he said. “Our staff remained committed and dedicated, and the wider financial community provided strong support. Everyone recognized that the success of FICS has implications for the entire financial services sector and the community.”
He added that significant structural and compliance improvements have been made, including enhancements to internal operations, staffing arrangements, and complaints handling systems.
FICS also continues its community engagement initiatives, including its scholarship programme, reinforcing its longstanding role as an active corporate citizen.
As part of its 34th anniversary observance, FICS offered a one-day-only promotional unsecured loan of $34,000 at a special interest rate of 4.7 percent, a symbolic gesture marking 34 years of service, trust, and growth.
Officials say the milestone reflects resilience and a continued commitment to building a stronger, more stable institution for the future.
