Stanford International Bank Ltd. (SIBL) Monthly Report. As the world’s financial markets strong liquidity and minimal leverage. SIBL has never had to chase short term and shortsighted returns for shareholders. are experiencing some of their most turbulent times in modern history our goal with this Monthly We have seen measured and manageable growth Report is to provide you with an overview of SIBL’s over the past several decades as SIBL’s Board of financial condition and keep you informed on the Directors, organizational structure, management current topics within the markets and their and business model are the same since inception. impact on SIBL. We will continue to produce the SIBL operates from one head office and one in-depth SIBL Quarterly Report, but due to these representative office world wide. When new unprecedented times we know our clients need a business is generated referral fees are paid. In constant flow of current information about the other words, no business . . . no expense . . . far institution in which they have placed their trust. different from a bank with hundreds of branches and high overhead. The products offered by SIBL One of the biggest topics in the news at this time are geared to high-net-worth individuals, are time is Bernard Madoff’s hedge fund collapse and the tested and have delivered a premium return to companies and investors impacted. We want our our clients. It is evident that we have found depositors to know that SIBL had no direct or success in following this conservative approach as indirect exposure to any of Madoff’s investments. today we have over 30,000 clients from 131 Just as the Bank had no direct or indirect exposure countries representing $8.5 billion in total assets. to the securitized debt or subprime meltdown. Also, SIBL has never made a structured loan or a We would also like to take this opportunity to commercial loan. All loans are cash secured and remind you of certain facts about the Bank and to SIBL clients only at a maximum 80% loan to the jurisdiction in which it operates. SIBL is an 100% cash collateral ratio. international financial institution chartered under the laws of Antigua and Barbuda, a sovereign All SIBL credit card exposure (Visa, Master Card, nation and member of the British Commonwealth. American Express) is again to SIBL clients only It is regulated by the Financial Services and cash secured. Regulatory Commission and the Ministry of Finance. Antigua and Barbuda maintains laws The Bank’s investment strategy has always been and regulations concerning bank supervision, long term, hands on and globally diversified with anti-money laundering, and prevention of terrorism financing that meet or exceed international Although our earnings will not meet expectations standards. In recent years, compliance with those in 2008, Stanford International Bank Ltd. is standards has been validated by international strong, safe and fiscally sound. We have always bodies. Most recently, the International Monetary believed that depositor safety was our number one Fund reviewed compliance with Bassel I Core priority. To further support the Bank’s growth and Principles for banking supervision. Basel II Core provide a strong cushion for any further market Principles will be fully implemented by the end of volatility, the Bank’s Board of Directors made a December 2008 which means SIBL will be subject decision to increase the Bank’s capital by $541 to the most stringent bank regulatory standards in million on November 28, 2008. This contribution the world. Additionally, the Bank undergoes an brings total shareholder equity to $1,020,029,802 onsite safety and soundness inspection, conducted with a capital to assets ratio of 11.87% and a by the Financial Services Regulatory Commission, capital to deposits ratio of 13.48%. This places our every year. The most recent inspection was Bank in a position to well exceed Basel II capital conducted in September 2008, and the Bank was requirements as we continue to grow in 2009. found to be in good standing. We hope you find this information helpful, and we The Bank also maintains the following insurance look forward to serving you over the coming year. coverage through Lloyd’s and other underwriters: Bankers Blanket Bond; Directors and Officers Best wishes to all. Liability; Professional Liability (errors and omissions); and Excess FDIC. This extensive insurance program has been in place for years and requires that a regular review of the Bank’s risk Juan Rodriguez-Tolentino management practices be conducted to determine President that adequate safeguards are in place.