Sep 2015 Financial News

FirstCaribbean International Bank Limited - Notice of Material Change

Sep 09, 2015

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from FCI that its wholly owned subsidiary FirstCaribbean International Bank (Barbados) Limited has entered into an agreement on August 03rd, 2015 with Heritage Bank Limited of Belize that will see Heritage Bank Limited and related entity Heritage International Bank & Trust Limited acquiring certain net assets of the Belize operations of FirstCaribbean International Bank (Barbados) Limited.

The TTSE was further advised that the transaction is subject to regulatory approval and the requisite applications have been submitted to the Central Bank of Belize and the Central Bank of Barbados. The transaction is expected to be finalized in the coming months. The transaction will not have a material impact on FirstCaribbean International Bank Limited’s Tier I and Total Capital ratios.
 

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday September 9, 2015