The Antigua and Barbuda government says it remains optimistic that an agreement could be reached regarding the sale of Scotiabank to a consortium of local stakeholders.
Information Minister Melford Nicholas, says the Gaston Browne administration is maintaining its position regarding the sale of the bank.
Last November, the Trinidad-based Republic Financial Holdings announced that it was seeking to acquire Scotiabank operations in several Caribbean countries.
Antigua and Barbuda as well as Guyana initially expressed reservations about the proposed acquisition.
Antigua and Barbuda indicated that it would not issue a vesting order to facilitate the move.
It wants assurances that local banks will be given priority to purchase Scotiabank’s operations on the island and citizens’ investments and savings will be protected.
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