More than a bank

The Development Bank of St.Kitts and Nevis (DBSKN) was established by an Act of Parliament NO. 1 of 1981. The Act was further amended in April of 1983 by Parliament.   The Bank is wholly owned by the Government of St.Kitts and Nevis, but it is fully autonomous and operates independently with a Board of Directors, General Manager, and a team of staff members. The Bank falls under the direct responsibility of the Minister of Finance, with the Bank's Manager having direct responsible for the day to day administration of the Bank. ( see organizational chart ). The Development Bank (DBSKN) is organized to provide financial and general credit services,..

Product & Services


Residential Mortgage Financing for new construction, purchase of an existing home and Renovations are all available at the Development Bank of St. Kitts and Nevis.


1.  How long does it take to get a project approved?
It depends on how well the project is written and whether the guidelines have been forwarded properly. A clearly written appropriated project can be approved in as little as a few weeks. However, it can be slower if information is not provided or it is not clear what the project wants to achieve and how. To save time therefore, it is best to discuss your idea with your National Coordinator and submit a brief outline to them before going ahead with a full application.
2.  What happens after I have sent an application to my National Coordinator?
The National Coordinator will send your completed application to the Programme Management and Coordination Unit (PMCU) in Trinidad who will check the project to ensure all information is provided and that costs are within guidelines. Once cleared by the PMCU, the application is sent to the Board who has the final say. Applications rejected by the Board cannot be resubmitted.
3.  Can I put in more that one applications?
No. Only one application can be submitted per individual business.
4.  Can I apply if my business is providing an input or service to agriculture producers?
No. The fund is to support agriculture producers and processors only. Input suppliers such as fertilizers and pesticides firms or service providers such as traders, exporters, training or research organizations are not eligible.
5.  How do I select an R & T provider?
It is up to you. Any research or training provider (Caribbean or EU based) which you have in mind will probably be eligible. If you already know of such a person or organization and are happy with their pervious work – you may wish to use them again. If you do not know of any suitable R & T provided, check our web site or contact your National Coordinator for suggestions. In the end though, the decision is up to you.
6.  Can I do my own research?
If you are the most suitably qualified person to conduct the needed research, you may be eligible to do the work under a CARTF grant. Ask your National Coordinator to check for you.
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