ECCB reviews application for sale of Scotiabank’s operations

first_img PM Harris Wants Regional Air Travel to be Affordable,… Sir K. Dwight Venner memoralised at ECCB HeadquartersBASSETERRE, ST. KITTS, MARCH 2ND, 2017 (PRESS SEC) — The late Honourable Sir K. Dwight Venner, the second Governor of the Eastern Caribbean Central Bank (ECCB) and the longest-serving one, was honoured today, Thursday, 2 March, 2017, during a naming and unveiling ceremony at the Bank’s headquarters in St. Kitts.…March 2, 2017In “Anguilla”St Kitts/Nevis Preparing to host Inter-Sessional Meeting of CARICOM HeadsBasseterre, St. Kitts, January 11, 2019 (SKNIS): St. Kitts and Nevis is busy preparing to host the 30th Inter-Sessional Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM), which takes place from 26-27th February 2019, at the St. Kitts Marriott Resort and Royal Beach Casino. A…January 14, 2019In “CARICOM”Caribbean says farewell to Sir Dwight VennerCASTRIES, St. Lucia, (CMC) – The Caribbean bade farewell to the longest serving governor of the Eastern Caribbean Central Bank (ECCB), Sir Dwight Venner on Wednesday with St. Vincent and the Grenadines Prime Minister Dr. Ralph Gonsalves describing him as “among our best”. Sir Dwight died here on December 22…January 5, 2017In “Anguilla”Share this on WhatsApp Jul 27, 2020 Jul 27, 2020 You may be interested in… St. Kitts-Nevis Government Targets October 2020 to Re-open… “In this regard, the ECCB has held initial discussions with the Central Bank of Trinidad and Tobago and the Bank of Guyana. These regulators will collaborate on the review of this application. The ECCB will also confer with the Central Bank of St. Maarten and Curacao,” the ECCB statement added. The central bank noted that changes in ownership of banks is not uncommon and that the proposed transaction is the latest in a series of consolidation moves by the Canadian banks. The ECCB said, “Citizens and residents in the ECCU should come to expect these developments as part of the banks’ response to both global developments and competition in the ECCU banking space. Indeed, the ECCB continues to encourage indigenous (national) banks to cooperate and consolidate to ensure the interests of the people of the ECCU are best served.” Addressing concerns about the ownership of banking assets in the ECCU, as a result of the proposed acquisition, the central bank said, “At present, 55 per cent of banking assets are owned by three Canadian banks and Republic Financial Holdings and 45 per cent of banking assets are owned by indigenous (national) banks. The proposed acquisition, if approved, would not fundamentally change that ownership distribution, as 55 per cent of the banking assets would be owned by two Canadian banks and Republic Financial Holdings and 45 per cent of the banking assets would continue to be owned by our indigenous (national) banks.” Commenting on the situation, St. Kitts and Nevis’ Prime Minister and Minister of Finance, Dr. the Honourable Timothy Harris, said that, “The matter is being studied and is not yet ready for decision-making, in that it has to be discussed at the Monetary Council level where additional information will be provided to the decision-makers based on the analysis of the regulators.” Dr. Harris also shared similar sentiments to those expressed by the central bank in that persons should remain patient “as the due processes will have to occur, after which a decision will be made taking into account the best interest of the Currency Union, which is the collective responsibility of the Monetary Council.” The Republic Group’s total asset base as at September 30, 2018 stood at US$10.5 billion, with equity at US$1.5 billion and profits attributable to shareholders for the year ended September 30, 2018 of US$198 million. It was also noted that the ECCB already regulates Republic Bank, since it has an operation in Grenada and a stake in a bank in Saint Lucia. Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… center_img BASSETERRE, St. Kitts, December 03, 2018 (Press Unit in the Office of the Prime Minister) – The Eastern Caribbean Central Bank (ECCB) is encouraging citizens of and residents in the Eastern Caribbean Currency Union (ECCU) to remain calm, in light of the news of an agreement that will see Trinidad-based Republic Financial Holdings Limited acquire the Bank of Nova Scotia’s operations in nine Caribbean territories. The territories are St. Maarten, Anguilla, Antigua and Barbuda, Dominica, Grenada, Guyana, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines. In a statement issued on December 01, 2018, the central bank said it received an application from Republic Financial Holdings on Tuesday, November 27, “seeking regulatory approval to acquire the Bank of Nova Scotia’s operations and businesses in the Eastern Caribbean Currency Union (ECCU),” and that it has since commenced a review of this application, pursuant to the Banking Act. Tributes Pour in for Former Barbados Prime Minister Jul 16, 2020 Aug 11, 2020 CAL Launches EC Service as LIAT Reorganises – CARICOM… last_img read more

Parker edges a close one

first_imgRichi Hurley is just back from a trip home to England and hadn’t played golf for a few months but it hasn’t affected his golf and he came third with a very steady thirty seven points.  Paul Pavloff took the fourth and last podium place today with thirty five points.  There were no ‘2’s today.1st Allan Parker (9) 39pts2nd Russell Gilroy (17) 39pts3rd Richi Hurley (7) 37pts4th Paul Pavloff (5) 35ptsTuesday, August 30, Mt. Shadow – StablefordWe hadn’t been to Mountain Shadow for a long time as the course had been in very poor condition the last time we played it.  However today it was almost up to its usual standard except for the greens being much slower than before, which seemed to have caught out a lot of our group and there were many three putts today.Again we were joined by our friends from the PFGS and one of their members took the top spot today.  Craig Hitchens was the man who came out on top of what was a day of bad scoring and won with thirty five points.  Frank McGowan took the second place with thirty points and a very surprised Russell Gilroy found that he had taken the third spot with twenty seven points.Once again we had no ‘2’s today.1st Craig Hitchens (14) 35pts2nd Frank McGowan (18) 30pts3rd Russell Gilroy (17) 27ptsThursday, Sept. 1, Burapha – StablefordWe decided to play two flights today here at Burapha, off the blue and white tees to make it enjoyable for everyone.  Again the course was deserted except for ourselves and it was another very fast round of golf.Craig Hitchens.Jon Batty took the honors in the blue flight and won with thirty five points.  Lyle Blaw has just returned for another visit and he came second with thirty.In the white flight Rod Crosswell was playing his first ever game with us and started in style by being a very clear winner with an excellent thirty nine points.  Russell Gilroy was five points behind Rod but he still got the second place with thirty four.  Rodney Nabbe also had thirty four but he lost the count back to Russell and had to settle for the third and last place and once again today we had no ‘2’s.Blue Flight1st Jon Batty (8) 35pts2nd Lyle Blaw (11) 30ptsWhite Flight1st Rod Crosswell (15) 39pts2nd Russell Gilroy (16) 34pts3rd Rod Nabbe (13) 34ptsNote: The Tara Court Golf Group play every Sunday, Tuesday and Thursday, leaving O’Gara’s Bar and Restaurant in the Tara Court on Pratamnak Rd. around 10.00 a.m.  Sign up either in O’Gara’s or ring Joe on 089 249 1364. IPGC Golf from the Tara Court Golf SocietySunday, August 28, Green Valley – StablefordOn the way out here today it was looking very much like rain but by the time we got to the course it had cleared up and turned out to be another beautiful day for golf.  We got round in what was probably a record time for golf on a Sunday and completed our round in three hours and fifteen minutes.  Low season is definitely better for golf!Allan Parker.Again the same consistent golfers battled it out for the top spot today with thirty nine points each, two better than last Sunday and again Allan Parker won the count back which went down to the last six holes.  For the second week in a row Russell Gilroy had to settle for the second place.  Both of these players having been playing great golf for the past few weeks.last_img read more

Emery wants big earner Mesut Ozil off Arsenal’s wage bill

first_img Upd. at 15:49 Throw into that the fact they are among the club’s biggest earners — Ozil’s thought to be the top earner at Arsenal — and the figures do not tally with the performances on the pitch.  27/03/2019 Emery quiere echar a Özil CET Barcelona accelerate their move for Ajax centre-back Matthijs de Ligt Therefore, Arsenal, who are fighting to return to the Champions League next season, are open to moving both players on.  Both players have shown flashes this season but neither have lived up to expectations and do not have a regular place in Emery’s side. center_img Another player the Spanish coach is keen to shift from the wage bill is former Manchester United and Borussia Dortmund attacker Henrikh Mkhitaryan. One of Unai Emery’s priorities this summer at Arsenal is to get rid of German playmaker Mesut Ozil, the Daily Mirror has claimed.  IN SPORT.ES RELATED STORIES SPORT.es Le Parisien: Mbappe most likely to end up at Real Madrid in 2020last_img read more

CWC 2019: Kevin Pietersen vouches for the inclusion of Vijay Shankar in the line-up

first_imgImage Courtesy: Deccan ChronicleAdvertisement 9eNBA Finals | Brooklyn Vsq03vWingsuit rodeo📽Sindre Ev6y8( IG: @_aubreyfisher @imraino ) ce6Would you ever consider trying this?😱cgr20Can your students do this? 🌚nemRoller skating! Powered by Firework Vijay Shankar has been a polarising figure for the fans and critics alike after a series of sub-par performances. The all-rounder was slotted in the line-up after Shikhar Dhawan’s tournament came to a premature end owing to a hairline fracture. Advertisement Image Courtesy: Deccan ChronicleThe all-rounder’s World Cup journey has been off to a rough start. After bagging a wicket off his very first ball, things have gone only downhill for Shankar. The right-arm medium pacer is yet to deliver a solid outing in the crucial No.4 position for the Men In Blue. Shankar could only manage a couple of patchy innings’ against Afghanistan and West Indies.While many have voiced their opinion about replacing Shankar off the line-up with either Dinesh Karthik or Rishabh Pant, Kevin Pietersen is not one of them as he pleaded Virat Kohli and Ravi Shastri to back the 28-year-old in a tweet. He said:Advertisement “Dear Virat and Ravi (Shastri) — please don’t drop Vijay Shankar,” Pietersen said in a tweet on Saturday. “I think he’s coming into his own and would potentially win you tomorrow’s game.”Pietersen also voiced his concern about Pant being thrown away right into the World Cup mix. He added:Advertisement “Don’t think about Pant. He needs another three weeks preparation before I think he can get into your World Cup side.”Check out the tweet below:Read Also:  Advertisementlast_img read more

Fresh fruit and vegies aplenty

first_imgBy ANEEKA SIMONIS IF IT’S handmade or home-grown, expect that it’ll be found at the Cockatoo Country Market. A number…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img