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CNB boss denies sale, says position unchanged for bank

Cayman National president and CEO Stuart Dack says no deal has been signed with Republic Bank Trinidad Ltd for the purchase of majority shares at the local bank.
As we reported yesterday (7 August) the regional bank expressed interest in buying between 51 and nearly 75-percent of CNB’s shares.
Mr. Dack today (7 August) denied speculation that the sale of the shares was completed.
He said the position on this matter remains as set out in yesterday’s memo.

Read the bank’s full statement here: http://www.csx.com.ky/companies/announcement.asp?Id=6808

About the author

Reshma Ragoonath

Reshma Ragoonath

Reshma Ragoonath is a Trinidadian journalist with 18 years media experience with a strong background in print with her most recent stint at The Cayman Reporter. She has a BA in Mass Communications, as well as, an Associate degree in Journalism and Public Relations.

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