February 22, 2021
The Eastern Caribbean Central Bank (ECCB) plans to approve a deal by the Royal Bank of Canada (RBC) to sell local banking operations to a consortium of banks from the region, the Caribbean Association of Banks (CAB) said in a press release on Friday.
RBC announced in December 2019 that it had agreed to sell its branches in the Eastern Caribbean to five others lenders for an undisclosed amount. The buyers are 1st National Bank of St. Lucia, Antigua Commercial Bank, National Bank of Dominica, the
Eastern Caribbean regulators plan to endorse the deal in the near future, according to local banking association CAB