Advertisement

RBC Royal Bank closing two more branches in the Bahamas

RBC Royal Bank is closing two more branches in the Bahamas as the company continues to adjust its business to remain competitive and profitable.
 
The bank's Managing Director LaSonya Missick told Guardian Business on Tuesday that the bank has decided to consolidate its Governor's Harbour branch with its Harbour Island location by the end of next month and will close its Mackey Street branch by the end of June.
 
While Missick did not say what the fate of those branches' employees will be, she explained that RBC will help them determine their next steps.
 
RBC announced last week that it has divested itself of its Eastern Caribbean banking operations, having gotten clearance by the Eastern Caribbean Central Bank to move ahead with the sale.
 
The sale of those operations in Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines closed last Thursday.


comments powered by Disqus
Most Popular
New BOJ board announced
Dancehall performance embroiled in...