The International Financial Services sector in St. Lucia is home to a diverse spectrum of companies operating profitable businesses throughout the island.  

The sector is comprised of one (1) development bank, six (6) clearing banks, four (4) International Financial Services Sector banks, eleven (11) credit unions, thirty (30) insurance companies, one (1) national development foundation, one (1) building and loan association and seven (7) finance companies. The sector is regulated by the island's Finance ACT, also St. Lucia is a member of the Organization of Eastern Caribbean States Treaty, the Eastern Caribbean Currency Union (ECCU) which is governed by the Eastern Caribbean Central Bank (ECCB) financial and banking regulations (the ECCB Agreement Act and the Banking Acts).

The Eastern Caribbean Dollar (XCD) is the currency used in ECCU. The EC dollar (XCD) is pegged to the US Dollar at US$1 = EC$2.70.  St. Lucia's financial sector annual average growth from 2005 - 2008 was recorded at 11.23%.  The sector accounted for 2.35% of the island's overall employment, employing 1600 persons and contributing 14.67% to GDP.
(Source: ECCB http://www.eccb-centralbank.org/About/leg-agreement.asp)