Tag Archives: Guyana: Regulator refuses approval for Republic Bank’s takeover of Scotiabank’s operations

Guyana: Regulator refuses approval for Republic Bank’s takeover of Scotiabank’s operations

Republic Bank’s New Market Street Headquarters

Scotiabank’s Carmichael Street Headquarters

Central Bank Governor, Gobind Ganga

Governor of Central Bank, Dr. Gobind Ganga, told Kaieteur News that the two banks were notified of the decision yesterday, via letters.

Scotiabank had, last year, resolved to sell out its assets in several Caribbean countries, including Anguilla, Antigua and Barbuda, Dominica, Grenada, Guyana, St. Kitts and Nevis, St. Lucia, St. Maarten, and St. Vincent and the Grenadines, with most of those granting approval.      Continue reading