Prime Minister Gaston Browne
ST JOHN’S, Antigua — Prime Minister Gaston Browne has invited the competent authorities of the Bank of Nova Scotia to a meeting by January 7, 2019, to discuss the purchase of the bank’s branch holdings in Antigua and Barbuda.
The invitation is contained in a letter sent on December 13 by the prime minister to Scotiabank’s branch manager in Antigua, Suzan Snaggs-Wilson.
In the letter, the prime minister said that the proposed meeting would be between high officials of the Bank of Nova Scotia and representatives of a “consortium comprising the government, local banks and other qualified and competent local institutions” desirous of purchasing Scotiabank’s branch holdings in Antigua.
He said, “The purpose of the meeting would be to discuss the parameters of the sale which would not necessarily exclude participation by any regional entity approved by the government and the regulatory authorities”.
