Tag Archives: Dr Keith Mitchell: Chairman of the ECCB Monetary Council

Grenada: First to approve Republic Bank Acquisition of Scotiabank in the Caribbean

Grenada Signs Vesting Order

ST GEORGE’S, Grenada, Friday October 18, 2019 – Prime Minister and Minister of Finance Dr Keith Mitchell has become the first regional leader to sign the vesting order required to facilitate the acquisition of the Bank of Nova Scotia operations by Republic Bank Financial Holdings Limited.

The planned acquisition was first announced in 2018 and in September this year, the Eastern Caribbean Central Bank in consultation with the ECCB Monetary Council approved the application for the transfer of Scotiabank’s assets and liabilities in Grenada and five other Caribbean countries.

Dr Mitchell who is the current Chairman of the ECCB Monetary Council, said it was important for Grenada to show leadership in the conclusion of the matter.            Continue reading

%d bloggers like this: