Sale of Scotiabank’s Guyana operations has not been

  • Published on: Mar 03, 2021 - 5:44 PM
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Sale of Scotiabank’s Guyana operations has not been Scotiabank has announced the sale of its Guyana branch to First Citizen, a Trinidadian bank. However, the sale has not been approved by Bank of Guyana as is prescribed by the law. As such, Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh said that the announcement is wholly premature. Dr. Singh stressed that this or any such sale is subject to a specified regulatory process, one that has not even been initiated moreover conclude. Dr. Said that the required procedure has to be followed before the transaction can be proceeded with. Dr. Singh sai …
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