{"id":171229,"date":"2023-03-24T11:08:48","date_gmt":"2023-03-24T15:08:48","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=171229"},"modified":"2023-03-24T15:16:37","modified_gmt":"2023-03-24T19:16:37","slug":"bank-of-st-vincent-and-the-grenadines-limited-bosvg-acquires-first-caribbean-international-bank-barbados-limited-fcib-saint-vincent-and-the-grenadines-branch","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/bank-of-st-vincent-and-the-grenadines-limited-bosvg-acquires-first-caribbean-international-bank-barbados-limited-fcib-saint-vincent-and-the-grenadines-branch\/","title":{"rendered":"Bank of St Vincent and the Grenadines Limited (BOSVG) Acquires First Caribbean International Bank (Barbados) Limited (FCIB), Saint Vincent and the Grenadines Branch"},"content":{"rendered":"
\"\"<\/a><\/div>
\"\"<\/a><\/div>

Editor’s Note: The earlier headline suggested that the bank in Barbados is being acquired. This not the case. The notice and the transaction it cites apply only to in St. Vincent. Barbados business is not, and has never been, a part of the sale.<\/span><\/strong><\/em><\/p>

\"\"<\/a><\/div>\n

The Eastern Caribbean Central Bank (ECCB) hereby advises that effective 24 March 2023, the operations of FirstCaribbean International Bank (Barbados) Limited (FCIB) in Saint
\nVincent and the Grenadines will cease, and will now be subsumed as part of the Bank of St
\nVincent and the Grenadines\u2019 (BOSVG) operations.<\/p>\n

The ECCB, in consultation with the ECCB Monetary Council, approved the application for
\nthe transfer of the assets and liabilities of FCIB, Saint Vincent and the Grenadines branch to
\nBOSVG on 15 July 2022, pursuant to Section 43 of the Banking Act, 2015 of Saint Vincent
\nand the Grenadines (No 4 of 2015), as amended.In accordance with these approvals, the ECCB issued an updated banking license to BOSVG.<\/p>

\"\"<\/a><\/div>
\"\"<\/a><\/div>\n

The Banking Business Vesting Orders have been signed and gazetted in Saint Vincent and
\nthe Grenadines.<\/p>

\"\"<\/a><\/div>\n

The ECCB remains resolute in its mandate to supervise all licensed financial institutions
\nunder the Banking Act, 2015.<\/p>\n

The financial sector in the Eastern Caribbean Currency Union is evolving. Citizens and
\nresidents in our Currency Union are encouraged to stay abreast of developments.<\/p>

\"\"<\/a><\/div>\n

Editor’s Note: The earlier headline suggested that the bank in Barbados is being acquired. This not the case. The notice and the transaction it cites apply only to in St. Vincent. Barbados business is not, and has never been, a part of the sale.<\/span><\/strong><\/em><\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Editor’s Note: The earlier headline suggested that the bank in Barbados is being acquired. This not the case. The notice and the transaction it cites apply only to in St. Vincent. Barbados business is not, and has never been, a part of the sale. The Eastern Caribbean Central Bank (ECCB) hereby advises that effective 24 […]<\/p>\n","protected":false},"author":3,"featured_media":171235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-171229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBank of St Vincent and the Grenadines Limited (BOSVG) Acquires First Caribbean International Bank (Barbados) Limited (FCIB), Saint Vincent and the Grenadines Branch - 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\/bank-of-st-vincent-and-the-grenadines-limited-bosvg-acquires-first-caribbean-international-bank-barbados-limited-fcib-saint-vincent-and-the-grenadines-branch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of St Vincent and the Grenadines Limited (BOSVG) Acquires First Caribbean International Bank (Barbados) Limited (FCIB), Saint Vincent and the Grenadines Branch\" \/>\n<meta property=\"og:description\" content=\"Editor’s Note: The earlier headline suggested that the bank in Barbados is being acquired. 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