{"id":271598,"date":"2026-04-01T10:56:35","date_gmt":"2026-04-01T14:56:35","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=271598"},"modified":"2026-04-01T10:57:27","modified_gmt":"2026-04-01T14:57:27","slug":"banks-sitting-on-billions-while-businesses-struggle-for-loans-antoine-says","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/banks-sitting-on-billions-while-businesses-struggle-for-loans-antoine-says\/","title":{"rendered":"Banks Sitting on Billions While Businesses Struggle for Loans, Antoine Says"},"content":{"rendered":"<div id=\"antig-4009126359\" class=\"antig-ecab antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Postpaid_Come Cross Postpaid 1200x400_Opt.1_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-63158514\" class=\"antig-before-content antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/medicalbenefitsscheme\" aria-label=\"mbs may\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1200\/h:400\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 1200w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:341\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/mbs-may.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1200\" height=\"400\"   \/><\/a><\/div>\n<p>Commercial banks across the Eastern Caribbean are holding billions in excess liquidity while businesses and entrepreneurs continue to face barriers to accessing credit, Central Bank Governor Dr Timothy N.J. Antoine said, warning that the imbalance is constraining economic growth across the region.<\/p><div id=\"antig-1942275775\" class=\"antig-content_5 antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n\n\n\n<p>Speaking at the launch of the Eastern Caribbean Central Bank\u2019s 2026\u20132031 strategic plan, Antoine disclosed that financial institutions currently hold more than $28 billion in deposits compared with about $16 billion in loans, a gap he described as evidence of a structural weakness in the region\u2019s financial system.<\/p>\n\n\n\n<p>The disparity, he explained, reflects a system where funds are available but are not being effectively deployed to support businesses, particularly small and medium-sized enterprises that often struggle to meet lending requirements.<\/p><div id=\"antig-2257690563\" class=\"antig-content_4 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Postpaid_Come Cross Postpaid 1200x400_Opt.1_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div><div id=\"antig-374409318\" class=\"antig-content_12 antig-entity-placement\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1320\/h:730\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1320w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:166\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:566\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:425\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:696\/h:385\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/02\/IMG_5614.jpg 696w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1320\" height=\"730\"   \/><\/div>\n\n\n\n<p>\u201cWe have excess liquidity,\u201d Antoine said, noting that the issue is not the availability of money but the ability to channel it into productive investment.<\/p><div id=\"antig-2748133392\" class=\"antig-content antig-entity-placement\"><a href=\"https:\/\/www.antiguabarbudaculinarymonth.com\/\" aria-label=\"culinary\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:843\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2560w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:132\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:450\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:337\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 768w, https:\/\/mlavawteztbj.i.optimole.com\/w:1536\/h:675\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 1536w, https:\/\/mlavawteztbj.i.optimole.com\/w:1920\/h:842\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/culinary-scaled.jpg 2048w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"2560\" height=\"1124\"   \/><\/a><\/div>\n\n\n\n<p>The governor said addressing this imbalance is central to the ECCB\u2019s new \u201cBig Push\u201d strategy, which aims to accelerate economic transformation across the Eastern Caribbean Currency Union by unlocking credit, improving financial access, and modernizing financial infrastructure.<\/p>\n\n\n\n<p>A key component of that effort is the expansion of the bank\u2019s partial credit guarantee programme, which is designed to reduce lending risk for banks and encourage them to extend financing to underserved sectors. Under the programme, the ECCB provides guarantees of up to 75\u201380 percent on qualifying loans, significantly lowering the exposure for financial institutions.<\/p><div id=\"antig-2954745444\" class=\"antig-content_2 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"500X500\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:500\/h:500\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 500w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:150\/h:150\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/500X500.jpg 150w\" sizes=\"(max-width: 500px) 100vw, 500px\" width=\"500\" height=\"500\"   \/><\/a><\/div>\n\n\n\n<p>The initiative has already supported more than 300 loans valued at approximately $30 million, targeting farmers, fishers, creatives, and small businesses. Antoine said the programme will now be scaled up to reach a wider cross-section of the economy.<\/p>\n\n\n\n<p>He also pointed to the need for broader use of tools such as the regional credit bureau, which allows lenders to better assess risk and price loans more accurately, potentially lowering borrowing costs and expanding access to financing.<\/p><div id=\"antig-1693520995\" class=\"antig-content_3 antig-entity-placement\"><a href=\"https:\/\/www.courts.com\/antigua\/\" aria-label=\"IMG_1115\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:864\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 1080w, https:\/\/mlavawteztbj.i.optimole.com\/w:240\/h:300\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 240w, https:\/\/mlavawteztbj.i.optimole.com\/w:819\/h:1024\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 819w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:960\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/IMG_1115.jpeg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1080\" height=\"1350\"   \/><\/a><\/div>\n\n\n\n<p>Beyond credit access, Antoine outlined plans to modernize the region\u2019s payment systems as part of efforts to improve efficiency and reduce transaction costs. The ECCB is preparing to roll out a fast payment system that will enable quicker and cheaper transactions across the currency union, a move expected to benefit both consumers and businesses.<\/p><div id=\"antig-1104519217\" class=\"antig-content_6 antig-entity-placement\"><a href=\"https:\/\/discoverflow.co\/web\/antigua\" aria-label=\"ANU CVP Digital Postpaid_Come Cross Postpaid 1200x400_Opt.1_1\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1201\/h:401\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1201w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:100\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:342\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 1024w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:256\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2026\/05\/ANU-CVP-Digital-Postpaid_Come-Cross-Postpaid-1200x400_Opt.1_1.jpg 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1201\" height=\"401\"   \/><\/a><\/div>\n\n\n\n<p>In addition, the bank will participate in a pilot for the CARICOM payment and settlement system, which will facilitate real-time, low-cost cross-border payments in local currencies, with settlements handled between central banks.<\/p>\n\n\n\n<p>Antoine said these reforms are critical to creating a more inclusive and dynamic financial system, stressing that liquidity alone does not drive economic growth.<\/p>\n\n\n\n<p>\u201cThe big push needs credit,\u201d he said, adding that financial institutions must play a more active role in supporting development by lending to viable projects and expanding opportunities for investment.<\/p>\n\n\n\n<p>He also noted that while the banking system is liquid, there remains a shortage of \u201cbankable\u201d projects, suggesting that both the public and private sectors must work together to generate viable business opportunities that can absorb available financing.<\/p>\n\n\n\n<p>The governor said the ECCB\u2019s role is to create the conditions for growth \u2014 including maintaining a stable currency, safeguarding the financial system, and improving access to finance \u2014 but emphasized that sustained expansion must ultimately come from businesses, governments, and citizens working together.<\/p>\n\n\n\n<p>The issue of underutilized liquidity, he added, highlights the urgency of reform as the region seeks to move beyond stability toward sustained economic growth under the five-year strategic plan.<\/p>\n<div id=\"antig-1437466153\" class=\"antig-in-comments_2 antig-entity-placement\"><a href=\"https:\/\/www.facebook.com\/@hadeedmotorsltd\" aria-label=\"Hadeed_WEB_Banner_MG-2\"><img src=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png\" alt=\"\"  srcset=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1000\/h:250\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 1000w, https:\/\/mlavawteztbj.i.optimole.com\/w:300\/h:75\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 300w, https:\/\/mlavawteztbj.i.optimole.com\/w:768\/h:192\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2024\/12\/Hadeed_WEB_Banner_MG-2.png 768w\" sizes=\"(max-width: 696px) 100vw, 696px\" width=\"1000\" height=\"250\"   \/><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Commercial banks across the Eastern Caribbean are holding billions in excess liquidity while businesses and entrepreneurs continue to face barriers to accessing credit, Central Bank Governor Dr Timothy N.J. Antoine said, warning that the imbalance is constraining economic growth across the region. Speaking at the launch of the Eastern Caribbean Central Bank\u2019s 2026\u20132031 strategic plan, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":271590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-271598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banks Sitting on Billions While Businesses Struggle for Loans, Antoine Says - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/banks-sitting-on-billions-while-businesses-struggle-for-loans-antoine-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks Sitting on Billions While Businesses Struggle for Loans, Antoine Says\" \/>\n<meta property=\"og:description\" content=\"Commercial banks across the Eastern Caribbean are holding billions in excess liquidity while businesses and entrepreneurs continue to face barriers to accessing credit, Central Bank Governor Dr Timothy N.J. Antoine said, warning that the imbalance is constraining economic growth across the region. 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