NEARLY A DECADE after Government sold the former Barbados National Bank (BNB) to Trinidad banking giant Republic Bank, a leading economist says he still has doubts about the sale.
The BNB issue which seems not to go away, even after it was rebranded to Republic Bank Barbados, was raised just minutes ago by Sir Frank Alleyne as he addressed the DLP’s weekly lunch time lecture at the George Street Auditorium.
Sir Frank, who is chairman of the Financial Services Commission and a trusted economic adviser to the current administration, said he still had misgivings about selling the former state bank.
The economist also hinted that substantial foreign exchange might be leaving the country through repatriation of after tax profits from the bank to its Trinidad and Tobago headquarters.
Read more about what Sir Frank had to say in the SATURDAY SUN. (GE)
