Road Town, Tortola – The Board of Directors and Senior Management Team of the National Bank of the Virgin Islands hereby issue a formal public statement regarding the recent media articles which make reference to the Bank’s non-performing loan portfolio and excerpts from regulatory correspondence. We wish to assure all customers and the general public that the Bank’s position is stable and sound. Further, the Bank is well capitalized and operates with adequate levels of liquidity. The recent media statements are not reflective of the Bank’s current position or its strategic direction. Finally, we thank our loyal customer base for its continued patronage as we remain open for business and make positive strides in compliance with industry best practice and regulatory standards. We remain yours faithfully, the official bank of paradise.