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Following regulatory applications to the Eastern Caribbean Central Bank (ECCB), the Consortium now further advises that:
Today, the ECCB notified the parties of its decisions regarding the applications to acquire the branches and banking operations in St. Vincent & the Grenadines and St. Kitts & Nevis.
The parties continue to discuss and negotiate key aspects of the transaction in the proposed sale of CIBC FirstCaribbean’s assets to the Grenada Co-operative Bank Limited.
The Consortium further announces that the sale of the assets of CIBC FirstCaribbean in Dominica to the National Bank of Dominica Ltd. (NBD) will not proceed as NBD has announced a change in its strategic direction.
Commenting on the transaction, Consortium Lead, and Managing Director of The Bank of St. Vincent and the Grenadines Limited, Derry Williams asserted, “We have made considerable progress having received approval of the acquisition of CIBC FirstCaribbean’s businesses in St. Vincent and the Grenadines and St. Kitts and Nevis. Our efforts are ongoing to complete the Grenada transaction and we support the decision made by the National Bank of Dominica Limited and CIBC FirstCaribbean in relation to the branch and operations in Dominica.”
ABOUT THE CONSORTIUM
The four members of the Consortium are:
1. The National Bank of Dominica Limited
2. Grenada Co-operative Bank Limited
3. St. Kitts-Nevis-Anguilla National Bank Limited
4. The Bank of St. Vincent and the Grenadines Limited
The Consortium members are market leaders in their respective territories, which offer the full spectrum of commercial banking services and electronic channels. As at June 30, 2022, the Consortium members held an aggregate deposit base of XCD $7 billion. Collectively, they have been serving the peoples of the ECCU for a combined period of over 200 years. The Consortium’s customer base includes consumers, small and middle-market businesses, large corporations, statutory bodies and Central Governments; and remain committed in helping their customer succeed.
Following regulatory applications to the Eastern Caribbean Central Bank (ECCB), the Consortium now further advises that:
Today, the ECCB notified the parties of its decisions regarding the applications to acquire the branches and banking operations in St. Vincent & the Grenadines and St. Kitts & Nevis.
The parties continue to discuss and negotiate key aspects of the transaction in the proposed sale of CIBC FirstCaribbean’s assets to the Grenada Co-operative Bank Limited.
The Consortium further announces that the sale of the assets of CIBC FirstCaribbean in Dominica to the National Bank of Dominica Ltd. (NBD) will not proceed as NBD has announced a change in its strategic direction.
Commenting on the transaction, Consortium Lead, and Managing Director of The Bank of St. Vincent and the Grenadines Limited, Derry Williams asserted, “We have made considerable progress having received approval of the acquisition of CIBC FirstCaribbean’s businesses in St. Vincent and the Grenadines and St. Kitts and Nevis. Our efforts are ongoing to complete the Grenada transaction and we support the decision made by the National Bank of Dominica Limited and CIBC FirstCaribbean in relation to the branch and operations in Dominica.”
ABOUT THE CONSORTIUM
The four members of the Consortium are:
1. The National Bank of Dominica Limited
2. Grenada Co-operative Bank Limited
3. St. Kitts-Nevis-Anguilla National Bank Limited
4. The Bank of St. Vincent and the Grenadines Limited
The Consortium members are market leaders in their respective territories, which offer the full spectrum of commercial banking services and electronic channels. As at June 30, 2022, the Consortium members held an aggregate deposit base of XCD $7 billion. Collectively, they have been serving the peoples of the ECCU for a combined period of over 200 years. The Consortium’s customer base includes consumers, small and middle-market businesses, large corporations, statutory bodies and Central Governments; and remain committed in helping their customer succeed.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
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