Actually, Development Finance Ltd (DFL) began life in the 1970s as a state enterprise known as the Trinidad and Tobago Development Finance Company with a mandate to provide financing for business development to the SME (Small and Medium Enterprise) sector. Since 2011, the company has gone through major restructuring to widen its product offering. We now offer business financing, investment services, deposit and savings products.
Yes, we are licensed by the Central Bank of Trinidad and Tobago as a non-bank financial institution under the provisions of the Financial Institutions Act 2008. We are also regulated by the Trinidad and Tobago Securities and Exchange Commission.
Glad you asked, Development FInance is a member institution of the Deposit Insurance Corporation of Trinidad and Tobago. You can learn more here.
No, as a merchant bank we don't offer traditional bank accounts. We are focused on business financing, investment services, deposit and savings products.
Actually, we provide business financing to growth-stage and mature companies.