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 approval from Central Bank of Trinidad & Tobago.
BoB had decided to exit the business way back in May 2017
