Refer to FirstCaribbean International Bank's Annual Report for 2022. Your group is the investment research team at a boutique private wealth management firm.

One of your clients, American entertainment mogul and self-made billionaire Zee-J Carter was offered the opportunity to acquire 79 million shares of CIBC First Caribbean International Bank (approximately 5% of the bank) from its majority shareholder CIBC.

Zee-J is excited about the prospect of having an equity position in an “offshore bank” and has asked your firm to advise on the financial strength of the bank before making a final decision.

Required:

Review the most recent annual report of CIBC First Caribbean and any other relevant publicly available information and prepare a comprehensive analyst report to assist Zee-J with his decision.

Your report must include the following information:

 Analyze the bank’s risk profile with specific reference to credit risk, loan quality, concentration risk, market risk and sovereign risk. (15 marks)