Scotia says it’s committed to the region

Scotiabank has moved to address the unease throughout the region that has been triggered by moves to sell off some of its Eastern Caribbean operations while relocating some functions from bigger markets like Jamaica.

According to Scotia, it is committed to the region.

However, governments in Guyana and Antigua and Barbuda have stated that they were caught off guard by the announcement this week and have expressed their disappointment.

On Tuesday the Trinidad-based Republic Financial Holdings Ltd (RFHL) announced that it had entered into an agreement to acquire Scotiabank’s banking operations in nine Caribbean countries.

A RFHL statement said that the banks being acquired are located in Guyana, St Maarten, Anguilla, Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia, and…

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