Royal Bank of Canada (RBC) on Thursday announced that it has received the required approvals for the sale of its Eastern Caribbean banking operations.
Governments in the region and the Eastern Caribbean Central Bank have given the green light.
RBC will sell its banking operations to a consortium of regional banks comprised of First National Bank of St. Lucia, Antigua Commercial Bank, Bank of Dominica, Bank of Montserrat, and The Bank of Nevis.
The sale includes RBC's eleven branches in Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.
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