$10m short

GERALYN EDWARD Business Editor,

Added 23 January 2013


SOME FORMER Barbados National Bank (BNB) shareholders are still  to collect almost  $10 million in payments from Republic Bank Limited for shares  they sold the company last year. This was revealed yesterday as some expressed concern that they were yet to receive their cash, more than  a week after the  promised January 14 payment deadline. However, Eric Scott, manager of Republic Finance & Trust (Barbados) Corporation – the company handling  the transaction for the Republic Bank Group  in Trinidad – said the problem did not rest  with Republic Bank. And his boss, managing director of Republic Bank group in Trinidad David Dulal Whiteway, told the MIDWEEK NATION that his bank had transferred $167.35 million – all the funds needed to support its purchase of the former BNB shares.

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