Scotiabank’s agreement to sell its operations here to Republic Bank of Trinidad provides the best long-term solution for customers in Guyana and the two financial entities will seek to provide a smooth transition for customers and employees, a senior Scotiabank official has said.
“We are pleased to have come to this agreement with Republic Financial Holdings Limited (RFHL) – a leading financial institution based in Trinidad & Tobago and with operations across the Caribbean and Ghana. RFHL is committed to investing in and growing the business and delivering enhanced financial products and services that best serve our customers’ needs,” Scotiabank’s Senior Vice President – South and East Caribbean, Stephen Bagnarol said in a statement.
He observed that the agreement with RFHL is subject to regulatory approval and customary closing conditions. Until these are obtained and conditions met and the transactions close, all Scotiabank operations in Guyana will continue as usual. There will be no changes to accounts, and products and services remain the same at this time, he said.
