By LK Hewlett
BASSETERRE, St Kitts (WINN) — The Eastern Caribbean Central Bank says the review of the application for the sale of some of Scotiabank’s Caribbean operations to Republic Financial Holdings Ltd is at an advanced stage, and Republic is so far complying with all of the ECCB’s requests for data relating to the transaction.
Scotiabank announced in November that it had entered in an agreement to sell its operations in Anguilla, Antigua, Dominica, Grenada, Guyana, St Kitts and Nevis, St Lucia, St Maarten, and St Vincent and the Grenadines to Republic Financial for US123 million. Republic Financial Holdings is seeking regulatory approval from the ECCB to acquire Scotia’s operations and businesses in the Eastern Caribbean.
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