Bank Of Baroda To Exit Trinidad And Tobago
Pedestrians pass a Bank of Baroda bank branch. (Photographer: Chris Ratcliffe/Bloomberg)

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.

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