NewsWhore
09-05-2006, 06:10 PM
Superintendent of Banks Rafael Camilo said yesterday that he had no knowledge of any purchasing operation of Republic Bank's personal and credit card banking services by Banco BHD, according to a report in Diario Libre. "These are private banks and if they are holding any negotiations of that sort, they will inform the Superintendence of Banks at the right moment" stated Camilo. However, Clave Digital is confirming that there has been a transaction between the two banks and reports that Camilo had confirmed this. The operation is pending ratification by the Monetary Board. Republic Bank would keep its corporate division. Citibank recently sold its personal and credit card division to Scotiabank.
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