The CL Financial Bailout – CMMB press release

Verbatim, statement issued Jan 30

CMMB Assures Clients Their Investments are Safe

In light of the announcement today by the Central Bank regarding the CL Financial Group, CMMB wishes to reassure its clients that their investments with us are safe. CMMB continues to operate as an independent entity separately from Clico and Clico Investment Bank. We are the largest full service securities company in the Caribbean and have been in operation for over eight years. During this time CMMB has operated as a profitable company continuing to offer
safe and profitable investments to clients.

CMMB has met all commitments to our clients and will continue to do so. We will provide further details regarding the arrangement with First Citizens Bank butclients should be assured by the First Citizens’ proposed acquisition of CMMB.
First Citizens is wholly owned by the Government of Trinidad & Tobago and has the strongest rating of any financial institution in Trinidad & Tobago. Further assurance should be taken from the Governor of the Central Bank comments
that the objective of the Central Bank and the Government of Trinidad and Tobago is to ensure that all investors are protected.

For further information please contact:

Mr. Ram Ramesh – Managing Director & CEO, CMMB Limited
Tel: 623-7815 ext 2000 Email:

Mr. Ramcharan Kalicharan – Chief Operating Officer, CMMB Limited
Tel: 623-7815 ext 2094 Email: