September 1, 2004
Battle headquarters: Port of Spain.
If it weren't for his impeccable manners and the dripping heat outside, it would be easy to think Suresh Sookoo, chief operating officer of Royal Bank of Trinidad and Tobago, was talking about life on Wall Street. "You cannot stand still," he says. "If you stand still, you run the risk of being taken over or losing your competitive edge."
Such is the intensity of banking competition in the Caribbean today. Its indigenous banks, led by the Trinidadians, have spread across the region through a relentless series of acquisitions in the last two years. Now they are gearing up for the
The Caribbean is becoming a battleground where small, but nimble local banks face off against powerful international competitors.