What's up with Scotiabank? Is one of Belize's biggest commercial banks selling out its Belize operation for real? Well, a report broadcast by LOVE FM today says that they are, but the bank is flatly denying it.
The Governor of the Central Bank, Joy Grant today told us that the Bank's Managing Director, Sarah Hobbs called her and said that the report was totally untrue. Additionally, sources tell us, no proposed sale has been reported to the Central Bank, as would be required in the normal course.
The supposed sellout of Scotia's Belize operation has been rumored for months. This would be apiece with a selllout of the Bank's operations in many other small Caribbean territories.
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