{"id":55267,"date":"2019-08-29T07:16:16","date_gmt":"2019-08-29T11:16:16","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=55267"},"modified":"2019-08-29T20:08:13","modified_gmt":"2019-08-30T00:08:13","slug":"governments-says-scotia-bank-is-considering-closing-its-antigua-branch","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/governments-says-scotia-bank-is-considering-closing-its-antigua-branch\/","title":{"rendered":"Government Says Scotia Bank Is Considering Closing Its Antigua Branch"},"content":{"rendered":"
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According to the Government Scotia Bank wrote to them, in response to the government’s appeal to purchase local branch, to indicate that it would either sell to RFH or close its branch.<\/p>

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While nine branches in the Caribbean jurisdiction were being sold by Scotiabank to Republic Financial Holdings, Antigua and Barbuda insisted that Scotiabank must first offer for sale its Antigua Branch assets to a consortium of local banks and the government.<\/p>\n

RFH indicated by a writing to the Prime Minister, received on August 8, that it would not wish to purchase Scotiabank Antigua assets. The Prime Minister wrote immediately to both RFH and to Scotiabank Canada, indicating that Antigua would purchase the Branch for the same amount that RFH negotiated to pay.<\/p>

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The Cabinet says they will stand firm on the offer to purchase, and awaits the next step by Scotiabank Canada. They are optimistic that Scotiabank will eventually yield to the offer and that the benefits that will flow to Antigua and Barbuda as a result of the sale to a local consortium will be huge.<\/p>

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According to the Government Scotia Bank wrote to them, in response to the government’s appeal to purchase local branch, to indicate that it would either sell to RFH or close its branch. While nine branches in the Caribbean jurisdiction were being sold by Scotiabank to Republic Financial Holdings, Antigua and Barbuda insisted that Scotiabank must […]<\/p>\n","protected":false},"author":3,"featured_media":22039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-55267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nGovernment Says Scotia Bank Is Considering Closing Its Antigua 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\/governments-says-scotia-bank-is-considering-closing-its-antigua-branch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Says Scotia Bank Is Considering Closing Its Antigua Branch\" \/>\n<meta property=\"og:description\" content=\"According to the Government Scotia Bank wrote to them, in response to the government’s appeal to purchase local branch, to indicate that it would either sell to RFH or close its branch. 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