Prime Minister Gaston Browne says a major announcement is likely to be made on the Scotiabank in coming weeks.
Browne said he met with Scotiabank officials in Washington last week.
The prime minister said while he cannot give details of the meeting ” I can say definitively that the talks were very positive and that the matter will be settled within a matter of weeks, and it will be settled to the satisfaction of all stakeholders to include the customers, staff and the government.”
Parties reportedly agreed to a gag order when negotiations with Scotiabank and local interest commenced last month.
Speculation is rife that Browne, who is also finance minister will announce the sale of the bank to a local group.
He said, “notwithstanding all of the naysayers, all of the prediction of doom and gloom I have to say we have come to a positive solution on the way forward which will be announced in due course.”
Last month, Scotiabank confirmed that its Antigua and Guyana branches will not be sold to Republic Bank as previously announced.
Browne had been insisting that a local group be given the first right of refusal before the bank is sold. He also threatened to withhold the vesting order, a document needed to complete the sale in Antigua.