Peter Johansson

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Grenada’s offshore banking industry plumbs new depths

Petitions to wind-up five offshore banks were presented at Grenada High Court on July 24, 2003.The banks were Bank Crozier Ltd., DIAK Bank Ltd., Anglo American Bank Ltd., Wellington Bank & Trust Ltd., and Cornerstone International Saving & Investment Bank Ltd.

Winding-Up petitions filed against five offshore banks

Petitions to wind-up five offshore banks are due to be heard at Grenada High Court on Thursday, July 24, 2003.The banks are Bank Crozier Ltd., DIAK Bank Ltd., Anglo American Bank Ltd., Wellington Bank & Trust Ltd., and Cornerstone International Saving & Investment Bank Ltd.

Bank Crozier boss arrested and released without charge in Spain

Peter Johansson, head of the Bank Crozier group, which has offshore bank licenses in Grenada and St. Lucia, was arrested and released in Spain in June after a complaint was made to local police by clients unable to redeem their funds.Johansson told OffshoreAlert he was arrested at Barcelona airport on Friday, June 20 and released on Sunday, June 22 after two nights in custody. His passport was initially confiscated but soon returned, said Johansson.

Bank Crozier boss arrested and released in Spain

Peter Johansson, head of the Bank Crozier group, which has offshore bank licenses in Grenada and St. Lucia, has been arrested and released in Spain after a complaint was made to local police by clients unable to redeem their funds.

Bank Crozier proposes reconstruction plan in Grenada

Grenada's oldest offshore bank, Bank Crozier Ltd., will this week submit a reconstruction plan to the local regulator in an attempt to stave off liquidation.Peter Johansson, the bank's CEO, told OffshoreAlert that $2.6 million of new capital has been pledged

Bank Crozier licensed in St. Lucia, plans to move HQ from Grenada

Grenada's oldest offshore bank, Bank Crozier, is moving its headquarters to St. Lucia, where it has become the first bank to be licensed under the International Banks Act 1999. The Swedish-owned bank, which began operations in Grenada in 1997, expects to complete the move in the New Year.

The views of Grenada-based banker Peter Johansson on the FIBG scandal

As the First International Bank of Grenada scandal made its way onto the front-page of The Wall Street Journal on February 29, Offshore Alert wondered how the negative publicity was affecting the legitimate financial institutions located on the island. Offshore Alert conducted a Question and Answer session with Peter Johansson, CEO of Swedish-owned Bank Crozier Limited, which was the second offshore bank to be licensed in Grenada in October, 1997.