First Citizens Bank not licensed to operate in Guyana

First Citizens Bank Limited (FCB) published a Notice in the Trinidad Guardian on its decision to enter into a purchase and sale agreement with the Bank of Nova Scotia (BNS) to purchase its operations in Guyana.

The Bank of Guyana (BOG) notes that FCB entered the said agreement without informing the BOG.

FCB does not have a licence to operate in Guyana.

FCB  has  not  submitted  an  application,  in  keeping  with  the requirements  of  the  Financial Institutions Act 1995 (FIA), to the BOG to acquire control of a bank (BNS) operating in Guyana.

Bank of Guyana, March 4, 2021

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