NASSAU, BAHAMAS Royal Bank of Canadas top regional executive yesterday said the bank absolutely remains committed to this jurisdiction.<\/p>\n
Rob Johnston, RBCs head of Caribbean banking, said: Were committed to The Bahamass future. It continues to be a robust economy.<\/p>\n
There is a lot of wealth being created here and we have a responsibility to provide advice and solutions to Bahamian businesses, the government and people who are choosing to move here. Its still a very attractive destination.<\/p>\n
Back in December, RBC announced it had entered into agreements to sell all of its banking operations in the Eastern Caribbean to local banks on the representative islands.<\/p>\n
The bank announced that it was exiting Antigua and Barbuda; Dominica; Grenada; Montserrat; St. Kitts and Nevis; St. Lucia; and St. Vincent and the Grenadines.<\/p>\n
The news came on the heels of an announcement by rival Canadian bank CIBC which said it had sold a majority stake in its Caribbean arm, CIBC FirstCaribbean International Bank Limited, to GNB Financial Group Limited.<\/p>\n
RBC maintains a presence in The Bahamas, as well as Trinidad & Tobago, Barbados, the Cayman Islands and Turks & Caicos.<\/p>\n
Scores of Royal Bank employees from around the world have arrived in Nassau to take part in the banks Race for the Kinds series slated for this weekend.<\/p>\n
A fun-run to support RBC Race for the Kids was held yesterday ending at the British Colonial Hilton.<\/p>\n
The Bahamas Technical and Vocational Institute was presented with a cheque for $21,500.<\/p>\n
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RBC regional exec: Bank is committed to The Bahamas long term - EyeWitness News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NASSAU, BAHAMAS Royal Bank of Canadas top regional executive yesterday said the bank absolutely remains committed to this jurisdiction. Rob Johnston, RBCs head of Caribbean banking, said: Were committed to The Bahamass future. It continues to be a robust economy Continue reading