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FirstCaribbean International Bank Limited has announced that its wholly-owned subsidiary, FirstCaribbean International Bank Cayman Limited, has agreed to sell its banking assets in Curaçao and St Maarten to the Curaçao-based Orco Bank.
The bank has broadened its scope to deliver banking products and services to individuals and businesses in the region.
The transactions are subject to regulatory approval, including from the Cayman Islands Monetary Agency, the Central Bank of Barbados, and the Central Bank of Curaçao and Sint. Maarten, and are expected to be finalized in the coming months.
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