BELIZE ESTATE MORTGAGE LOANS BANKS
BANK SYSTEM OF BELIZE

The financial system of Belize consists of the Central bank of Belize and of some financial institutions. The central bank of Belize has been created on January, 1st, 1982 according to the Law on the Central bank of Belize ¹ 15 (Section 262 of the Reconsidered Code of laws of Belize 2000).

As well as other Central banks of the English-speaking countries of Caribbean basin, the Central bank of Belize is under construction by a principle of Bank of England, and its functions include granting of bank services to the government of the country and financial institutions, release of internal currency, regulation of activity of commercial banks and other financial institutions, government consultation on economic problems, carrying out of researches and the information publication on monetary and credit and other economic problems.

Besides the Central bank of Belize the financial system includes also 64 financial institutions, including on the beginning of 2005:

Five commercial banks;
Eight offshore banks;
One bank of development belonging to the government (DFC);
Fifteen credit unions;
Three societies of the hypothecary credit;
Seventeen insurance companies;
One savings bank belonging to the state;
One bank of small farmers belonging to the state and business;
Eleven exchange offices (casas de cambio