There are five domestic commercial banks licensed in Belize that are conducting traditional banking services.  The services being offered are different types of consumer and commercial loans, saving and checking deposits and time deposits. Other services provided to business clients include overdraft facilities, letters of credit, and bank guarantees.  The commercial banks licensed in Belize are listed below.

Ø       Alliance Bank of Belize Limited (changed its name to Heritage Bank Limited)

Ø       Atlantic Bank Limited

Ø       Belize Bank Limited

Ø       Scotiabank (Belize) Limited

Ø       First Caribbean International Bank (Barbados) Limited

On 23 January 2003, the first non-bank financial institution was granted a license.  Belize Unit Trust Corporation (BELUTC) is the first financial institution in Belize that manages and administers Unit Trust funds Scheme.  It is locally managed and its majority shareholder is Trinidad and Tobago Unit Trust Corporation (TTUTC). There are two  non-bank financial institutions operating in Belize. 

Ø       Belize Unit Trust (changed its name to Unit Trust Corporation (Belize) Limited)