Email

Print

The Belize Peace Movement has weighed in on the Belize Bank's acquisition of Scotiabank and it's not too happy.

A release says, quote, "The BPM views the acquisition of all the shares of Scotia Bank of Belize by Caribbean Investors Holdings ltd., the parent company of the Belize Bank and owned by Michael Ashcroft, as predatory, anti-trust and generally not in the interest of Belizeans.There are too many questions regarding this critical transaction and the proposed buyer. The statement by the Central Bank of Belize on this acquisition of Scotiabank leaves much to be desired. Based on our observations, Belizeans have little confidence that this transaction will result in any meaningful and tangible benefit to them." End quote.