Sep 2019 Financial News

RFHL - Update on Acquisition of Bank of Nova Scotia Operations in Six Eastern Caribbean Currency Union Territories

Sep 11, 2019

Republic Financial Holdings Limited (RFHL) advises that on September 10, 2019, the Eastern Caribbean Central Bank (ECCB), in consultation with the Eastern Caribbean Currency Union (ECCU) Monetary Council, pursuant to Sections 20 and 43 of the Eastern Caribbean Banking Act 2015 and Sections 19 and 42 of the Anguilla Banking Act 2015, formally approved the application for the transfer of the assets and liabilities of the Bank of Nova Scotia (BNS) to RFHL in six ECCU territories, namely Anguilla, the Commonwealth of Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. Such approval does not include the transfer of BNS’ operations in Antigua and Barbuda.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 11 September, 2019