{"id":126734,"date":"2021-04-06T09:59:33","date_gmt":"2021-04-06T13:59:33","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=126734"},"modified":"2021-04-06T09:59:33","modified_gmt":"2021-04-06T13:59:33","slug":"central-bank-statement-on-sale-of-royal-bank-of-canada","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/","title":{"rendered":"Central Bank statement on sale of Royal Bank of Canada"},"content":{"rendered":"
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The Eastern Caribbean Central Bank (ECCB) advises that effective 1 April 2021, the Royal Bank of Canada\u2019s (RBC) operations in Antigua and Barbuda, the Commonwealth of Dominica, Montserrat, Saint Christopher (St Kitts) and Nevis and Saint Lucia have ceased, having been acquired by a consortium of national banks.<\/p>

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The Consortium of banks comprises: Antigua Commercial Bank Limited (ACB), National Bank of Dominica Limited (NBD), Bank of Montserrat Limited (BOM), The Bank of Nevis Limited (BON) and 1st<\/sup> National Bank St Lucia Limited (1st<\/sup> National).<\/p>

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As part of this transaction, the Consortium has also acquired the RBTT Bank Caribbean Limited in Saint Vincent and the Grenadines and majority shareholding in RBTT Bank Grenada Limited and RBTT Bank (SKN) Limited.<\/p>\n

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The ECCB, in consultation with the ECCB Monetary Council approved, on 22 December 2020, the applications for the transfer of the assets and liabilities of RBC to the Consortium in the said member countries, pursuant to Section 43 of the Banking Act, 2015.<\/p>\n

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Thursday, 1 April was the first day of the transition.<\/p>

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As of Tuesday, 6 April, the former RBC branches will no longer operate under the RBC brand, and RBTT Bank (SKN) Limited and RBTT Bank Grenada Limited will be rebranded.<\/p>\n

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The Eastern Caribbean Central Bank (ECCB) advises that effective 1 April 2021, the Royal Bank of Canada\u2019s (RBC) operations in Antigua and Barbuda, the Commonwealth of Dominica, Montserrat, Saint Christopher (St Kitts) and Nevis and Saint Lucia have ceased, having been acquired by a consortium of national banks.   The Consortium of banks comprises: Antigua […]<\/p>\n","protected":false},"author":3,"featured_media":126735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-126734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCentral Bank statement on sale of Royal Bank of Canada - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank statement on sale of Royal Bank of Canada\" \/>\n<meta property=\"og:description\" content=\"The Eastern Caribbean Central Bank (ECCB) advises that effective 1 April 2021, the Royal Bank of Canada\u2019s (RBC) operations in Antigua and Barbuda, the Commonwealth of Dominica, Montserrat, Saint Christopher (St Kitts) and Nevis and Saint Lucia have ceased, having been acquired by a consortium of national banks.   The Consortium of banks comprises: Antigua […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T13:59:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:1024\/h:640\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-06-at-8.57.55-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"Central Bank statement on sale of Royal Bank of Canada\",\"datePublished\":\"2021-04-06T13:59:33+00:00\",\"dateModified\":\"2021-04-06T13:59:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/\"},\"wordCount\":209,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1728\/h:1080\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2021\/04\/Screenshot-2021-04-06-at-8.57.55-AM.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/\",\"url\":\"https:\/\/antiguanewsroom.com\/central-bank-statement-on-sale-of-royal-bank-of-canada\/\",\"name\":\"Central Bank statement on sale of Royal Bank of Canada - 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