Business

Scotia will continue in Antigua for now

Scotia Bank has scrapped the sale of its holdings in two Caricom states and will continue to run the operations for the time being.

This after running into regulatory and political pushback in Antigua and Barbuda and Guyana.

Scotiabank announced Friday it had completed the sale of banking operations in seven non-core Caribbean markets to the Trinidad and Tobago based Republic Financial Holdings Ltd.

However, when the deal was first announced in November, 2018, it involved operations in nine countries.

Scotia Bank will continue to operate business as usual in St Johns and Georgetown.



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.