Banks Barbados Brewery

In the late 1950s the Barbados government offered tax concessions to encourage someone to start a local brewery.

30% of the required start-up funds were provided by Banks Diversified Industrial Holdings (DIH) of Guyana and the rest of the capital was collected by the sale of shares to local people in Barbados.

In the beginning, the company only produced Banks Beer but by 1963 the company added two other products to its portfolio: Milk Stout and Tiger brand Malt, the latter of which can be found in the Caribbean, South America, Asia, Canada, Europe and the United States.

Banks(DIH) were somewhat unhappy with this decision and sold their stake to Barbados Shipping & Trading, a local conglomerate.

[1] Later, a new state of the art brewery was constructed adjacent to BBC at Newton Terrace In 2015 after a bidding battle with Ansa McAl, a Trinidadian conglomerate and brewer of Carib beers, the company was purchased by AmBev, the South American subsidiary of InBev, the world's largest brewer.