BASSETERRE, ST. KITTS (FEBRUARY 2ND 2004) – Shareholders of the St. Kitts-Nevis-Anguilla National Bank will share nearly EC$11 million in dividend.

Shareholders at the Bank’s 33rd Annual General Meeting last Thursday accepted a recommendation from the Board of Directors to pay a dividend of 13.5 percent for the financial year ended 30th June 2003

The dividend totaled EC$10.9 million compared to EC$8.4 million paid in 2002. National Bank made a profit of EC$17.6 million in 2003.

In recent years, shareholders equity has increased from EC$56.4 million in 1999 to EC$133.8 million in 2003, a whopping 137.3 percent increase over that period. It stood at EC$127.5 million at June 30, 2002.

Shareholders at Thursday’s meeting at the Ocean Terrace Inn congratulated the Bank’s Board of Directors and the Management Team on the successful operations in 2003 and applauded the introduction of on-line banking

National Bank customers can conduct banking transactions, including accessing account information, sending wire transfers and standing orders

National Bank’s Headquarters, located on the corner of West Independence Square and Central Streets, St. Kitts has branches at Sandy Point, Saddlers, the Pelican Mall and the Robert L. Bradshaw International Airport in St. Kitts and a branch in Nevis

National Bank also has Automatic Teller Machines (ATM’s) at Old Road, St. Paul’s, Cayon, Lodge, St. Peter’s, C.A. Paul Southwell Industrial Park, Vance Amory International Airport, Nevis Branch, Sandy Point Branch, Saddlers Branch and two each at the Pelican Mall and the Basseterre Branch.