history

Stalwart Bank was incorporated as a limited liability company licensed to provide commercial and other Banking Services to the public in 1990. The Bank commenced operations in February 1991, and has since then grown to become one of the most respected and service focused banks. In September 1996, Stalwart Bank became a publicly quoted company and won the Nation’s Stock Exchange President's Merit award that same year and subsequently in the years 2000, 2003, 2005, 2006, 2007, 2008 and 2009. In February 2002, the Bank was granted a universal banking license and later appointed a settlement bank by the National Bank in 2003.

Stalwart Bank undertook its second share offering in 2004 and successfully raised over $11 billion from Investors to expand its operations and favorably compete with other global financial institutions. This development ensured the Bank was satisfactorily poised to meet the $200 billion minimum capital base for banks introduced by the National Bank of in 2005, as part of the regulating body's efforts to sanitize and strengthen banks. Post-consolidation, Stalwart Bank plc made a strategic decision to actively pursue retail banking. A major rebranding exercise followed in June 2005, which saw the Bank emerge with improved service offerings, an aggressive expansion strategy and its vibrant orange identity.