Solid economic growth has fueled retail and investment banking activity in the rapidly consolidating Caribbean region. Through a clever mix of solid management and diverse business offerings, the Royal Bank of Trinidad and Tobago (RBTT) has become one of its stars. After months of negotiating with potential suitors, parent RBTT Financial was bought last month by Royal Bank of Canada (RBC) for approximately $2.2 billion. This gives RBC a more complete regional presence and RBTT foreign sponsorship of its retail, wealth management and project finance activities.
Trinidad's domestic retail and commercial banking market is dominated by RBTT and Republic Bank, which control more than 60% of assets, according to Fitch. RBTT...
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