FirstCaribbean International Bank (Bahamas) Limited

Consolidated Statement of Changes in EquityFor the year ended October 31, 2009(Expressed in thousands of Bahamian dollars)Notes Share Retained Totalcapital Reserves earnings equityBalance at October 31, 2007 $477,230 $ (40,933) $ 207,035 $ 643,332Net income for the year – – 83,904 83,904Dividends 21 – – (54,097) (54,097)Transfer to statutory reserve fund –Turks & Caicos Islands 16 – 6,085 (6,085) –Transfer to statutory loan loss reserve –Bahamas 16 – (1,208) 1,208 –Revaluation reserve - available-for-salesecurities 16 – (27,327) – (27,327)Balance at October 31, 2008 477,230 (63,383) 231,965 645,812Net income for the year – – 78,637 78,637Dividends 21 – – (42,076) (42,076)Transfer to statutory reserve fund –Turks & Caicos Islands 16 – 5,028 (5,028) –Transfer to statutory loan loss reserve –Bahamas 16 – (1,624) 1,624 –Revaluation reserve - available-for-salesecurities 16 – 24,808 – 24,808Balance at October 31, 2009 $477,230 $ (35,171) $ 265,122 $ 707,181See accompanying notes.19