Bank Of Baroda To Exit Trinidad And Tobago
As part of rationalising its international operations, state-owned Bank of Baroda Thursday signed a share purchase agreement with ANSA Merchant Bank to sell the business of Bank of Baroda Trinidad and Tobago.
BoB Trinidad and Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary.
"We have had a long and successful tenure in Trinidad and Tobago and will look forward to a disruption-free service to our valued customers of in that market," Executive Director Murali Ramaswami, said in a statement.
The sale will need an approval from Central Bank of Trinidad and Tobago.
BoB had decided to exit the business way back in May 2017.