Republic Bank requests loan from IDB Invest

Republic Bank requests loan from IDB Invest

Loans Debt Trinidad & Tobago

Republic Bank in Trinidad and Tobago has requested a seven-year, $75m loan from IDB Invest to help pay for a digital integration process and fund mortgages and small business loans. The board of IDB Invest is scheduled to review the proposal on February 26, according to the multilateral lender. Republic Bank said in November last year that it had agreed to pay $123m for Scotiabank's branches in nine Caribbean countries. The price included $25m for operations in Anguilla and $98m for the busine

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