ECCB calls for calm, as it reviews application for sale of Scotiabank’s operations


The Eastern Caribbean Central Bank (ECCB) is encouraging citizens of and residents in the Eastern Caribbean Currency Union (ECCU) to remain calm, in light of the news of an agreement that will see Trinidad-based Republic Financial Holdings Limited acquire the Bank of Nova Scotia’s operations in nine Caribbean territories.

The territories are St. Maarten, Anguilla, Antigua and Barbuda, Dominica, Grenada, Guyana, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines.

In a statement issued on December 01, 2018, the central bank said it received an application from Republic Financial Holdings on Tuesday, November 27, “seeking regulatory approval to acquire the Bank of Nova Scotia’s operations and businesses in the Eastern Caribbean Currency Union (ECCU),”…

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