BoB signs share purchase agreement to sell Trinidad & Tobago business
BoB Trinidad & Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary
 "Bank of Baroda")
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 & Tobago.
BoB Trinidad & Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary.
"We have had a long and successful tenure in Trinidad & 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 & Tobago.
BoB had decided to exit the business way back in May 2017.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 12 2019 | 6:15 PM IST