As part of her ongoing efforts to address all pillars of Bermuda’s cost of living challenges, including financial access and affordability, the Minister of Home Affairs, the Hon. Alexa Lightbourne, JP, MP, met with Clarien Bank executives to explore banking solutions that could benefit Bermudian families.
Minister Lightbourne, accompanied by Permanent Secretary Valerie Robinson-James, met with Ian Truran, Chief Executive Officer, and Simon Van de Weg, Chief Banking Officer to discuss savings options and initiatives aimed at making banking more accessible for Bermudians.
Building on the Affordable Bermuda Agenda and the recent announcement of a Digital Finance Pilot in the House of Assembly, Minister Lightbourne discussed cashless payment options that offer a lower-cost alternative to traditional credit cards, reducing transaction costs for everyday purchases. The conversation also covered low-interest financing to help qualifying households adopt residential solar solutions, combining affordable loans with streamlined approvals to reduce energy bills while supporting a cleaner energy future.
Minister Lightbourne said, “Consideration of the financial future of families and the ability to ensure greater access safeguards wealth. I am encouraged by the dialogue with our local banks, who remain willing to explore ways they can help lower costs. The public benefits when we translate discussions, like those at the Cost of Living Summit, into tangible dollars back in their pockets.”
The Minister acknowledged that while Home Affairs does not directly oversee local banks, she remains committed to exploring available solutions across critical pillars. "Through low-interest green financing for home solar, we can assist households with monthly expenses and build resilience. This links financial inclusion with a cleaner, more affordable energy future."
“Innovation and integrity are at the center of what we do at Clarien Bank,” said Mr. Truran, CEO. “As we strive to deliver superior solutions with superior service to our community, we recognize our unique position to help build a more financially accessible, affordable, and ultimately stronger Bermuda. We look forward to leveraging our collective expertise in banking and wealth management solutions, working alongside the Bermuda Government, to uplift Bermudian families and create a positive and lasting change on island.”
The Ministry of Home Affairs remains committed to practical, collaborative action that lowers everyday costs, protects consumers, and expands access so that every household can thrive.