National Bank Of Dominica soon to finalise purchase of RBC

The National Bank of Dominica’s acquisition of the Royal Bank of Canada, Dominica branch, is near finalization.

In 2019 a consortium of Eastern Caribbean indigenous banks of which NBD is a member announced a definitive agreement to purchase all banking operations in the Eastern Caribbean from Royal Bank of Canada (RBC).

The transaction at that time was subject to regulatory approval and other customary closing conditions.

Minister for Public Works and the Digital Economy, Senator Cassani Laville announced on Wednesday, that Cabinet this week approved the finalization of the acquisition.

Minister for Public Works and the Digital Economy Cassani Laville

Laville said this acquisition is a true reflection of the sound management practices of the Board of Directors and Management of the NBD.