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FIRSTCARIBBEAN AND BRITISH AIRWAYS LAUNCH THE BRITISH AIRWAYS VISA BUSINESS CREDIT CARD


Bridgetown, Barbados, April 9, 2010. FirstCaribbean International Bank and British Airways are pleased to announce the launch of the British Airways Visa Business Credit Card.  This innovative business credit card will reward customers based on their spending and make payments more flexible.

With leading edge features and benefits, the British Airways Visa Business Credit Card earns business customers miles, which can be redeemed with British Airways or any member of the oneworld™ alliance including American Airlines.  BA cardholders earn 1 BA mile for every US$1 or equivalent spent and 2 BA miles for every US$1 or equivalent spent on British Airways purchases. As a bonus, FirstCaribbean also gives customers 5,000 BA miles with the issuance of their first card.

Additional benefits include automatic enrolment in the British Airways Executive Club  exclusive concierge service, travel assistance services, car rental and travel insurance and free access to the Visa Virtual Advisor, just to name a few.

Customers can also receive a companion ticket  whenever the card is used to  purchase a qualifying round-trip full-fare ticket* from the Caribbean to any British Airways destination in First, Club WorldSM (business class) or World Traveller PlusSM (premium economy class) .

With the British Airways Visa Business Card  customers have the opportunity to make full payments or to repay as little as 10 percent of outstanding balances.

FirstCaribbean Visa Business Credit Card

The Bank has also enhanced the FirstCaribbean Visa Business Card.  This card maintains the convenience and simplicity for which Visa has become known.

This enhanced product now includes a flexible payment option that provides customers the choice to make full payments or to repay as little as 10 percent of outstanding balances.

In addition, the FirstCaribbean Visa Business Credit Card offers key financial management benefits, including easy access to working capital, improved cash flow management and easier separation of personal and business expenses—a very important advantage when filing tax returns.

FirstCaribbean Visa Business cardholders can spend at more than 24 million merchant locations, car rental companies and hotels around the world, providing them with millions of alternatives to select the most convenient providers.

* Conditions apply.

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About FirstCaribbean International Bank

FirstCaribbean International Bank is the largest, regionally-listed bank in the English- and Dutch-speaking Caribbean, serving 550,000 accounts in 17 markets through 3,500 staff; 66 branches, 22 banking centres, and seven offices.

The bank offers a full range of market-leading financial services in Corporate

Banking, Investment Banking, Treasury Sales and Trading, Retail Banking, Wealth Management, and Credit Cards.

FirstCaribbean is a member of the CIBC Group.

CIBC (TSX, NYSE: CM) is a leading North American financial institution serving clients in Canada and around the world. Through its distinct business lines, CIBC Retail Markets and CIBC Wholesale Banking, CIBC provides a full range of products and services to almost 11 million individual, small business and commercial banking clients and meets the financial needs of corporate and institutional clients. CIBC is rated A+/Stable/A-1 by Standard & Poor's.

For more information about FirstCaribbean, visit www.firstcaribbeanbank.com

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