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....
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