Rumours of a merger between First Caribbean and RBTT

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Rumours of a merger between First Caribbean and RBTT

First Caribbean International Bank has a very strong presence in Barbados and the Bahamas, whilst the Royal Bank of Trinidad and Tobago is very strong in the Trinidad and Jamaica, therefore a merger of these two banks would make them the most stable across the Caribbean region with a major stronghold in 4 countries.

If such a merger were to happen it would need the approval of the regulators in Barbados, Jamaica, Trinidad, Antigua and the Bahamas, which would be a lengthy process and could not happen overnight, therefore experts in the industry are not expecting anything to happen for at least another 6 months.

Additional Information:

April 25th, 2007

https://www.totallybarbados.com/articles/business/barbados-business-news//