STANFORD INTERNATIONAL BANK LTD.
MONTHLY REPORT
DECEMBER 2008
W
ELCOME TO THE FIRST EDITION OF THE
Stanford International Bank Ltd. (SIBL)Monthly Report. As the world’s financial marketsare experiencing some of their most turbulent
times in modern history our goal with this MonthlyReport is to provide you with an overview of SIBL
’
s
financial condition and keep you informed on thecurrent topics within the markets and theirimpact on SIBL. We will continue to produce thein-depth SIBL Quarterly Report, but due to theseunprecedented times we know our clients need aconstant flow of current information about theinstitution in which they have placed their trust.One of the biggest topics in the news at this timeis Bernard Madoff’s hedge fund collapse and thecompanies and investors impacted. We want ourdepositors to know that SIBL had no direct orindirect exposure to any of Madoff’s investments. Just as the Bank had no direct or indirect exposureto the securitized debt or subprime meltdown.Also, SIBL has never made a structured loan or acommercial loan. All loans are cash secured andto SIBL clients only at a maximum 80% loan to100% cash collateral ratio.All SIBL credit card exposure (Visa, Master Card,American Express) is again to SIBL clients onlyand cash secured.The Bank’s investment strategy has always beenlong term, hands on and globally diversified withstrong liquidity and minimal leverage. SIBL hasnever had to chase short term and shortsightedreturns for shareholders.We have seen measured and manageable growthover the past several decades as SIBL’s Board of Directors, organizational structure, managementand business model are the same since inception.SIBL operates from one head office and onerepresentative office world wide. When newbusiness is generated referral fees are paid. Inother words, no business . . . no expense . . . fardifferent from a bank with hundreds of branchesand high overhead. The products offered by SIBLare geared to high-net-worth individuals, are timetested and have delivered a premium return toour clients. It is evident that we have foundsuccess in following this conservative approach astoday we have over 30,000 clients from 131countries representing $8.5 billion in total assets.We would also like to take this opportunity toremind you of certain facts about the Bank andthe jurisdiction in which it operates. SIBL is aninternational financial institution chartered underthe laws of Antigua and Barbuda, a sovereign
nation and member of the British Commonwealth.
It is regulated by the Financial ServicesRegulatory Commission and the Ministry of Finance. Antigua and Barbuda maintains lawsand regulations concerning bank
supervision,anti-money laundering, and prevention
of terrorism
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