![]() ![]() 1984), the sixth largest bank in the Dominican Republic. RB also acquired 93% of the failed Banco Mercantil (est. In 2003 RB acquired a 57% interest in the Barbados National Bank (BNB) in Barbados. In 1999 RB established Republic Bank (Barbados) as an offshore bank to complement the operations of its Cayman Islands subsidiary. RB also acquired 47.5% of the shares of National Bank of Industry and Commerce (NBIC) from the government of Guyana. In 1997 The purchase of approximately 10.9 million shares gave RB a total of 95.3% of Bank of Commerce. In 1996 RB bought another 31.14% of Bank of Commerce, taking its ownership up to 51.14%, making Bank of Commerce a subsidiary of Republic Bank. This gave RB linkages with the holding company's branches in the Caribbean islands of Barbados, St. RB also purchased 20% of Canadian Imperial Bank of Commerce (West Indies) Holdings Limited. In 1994 RB purchased 23% of Bank of Commerce Trinidad and Tobago Limited. RB purchased 51% of the National Commercial Bank of Grenada Limited, a commercial banking operation with eight branches on the islands of Grenada, Carriacou and Petite Martinique. RB established Republic Bank Trinidad and Tobago (Cayman) Limited, a wholly owned offshore bank. In 1992 RB and Grupo Acedo-Mendoza established Acedo-Mendoza Fincor C.A., a confirming house with offices in Venezuela and Colombia as well as Trinidad. Colonial Life built up its holding to 46.7% and later reduced it to 34%. In 1989 Barclays sold its 41% holding to Colonial Life Insurance Co. This prompted another name change, to Republic Bank Limited, on 1 April 1981. In 1977 Barclays Bank Trinidad and Tobago sold the majority of its shares locally. In the 1970s, with pressure for local control of the banking industry, Barclays Bank began a process of divestment of shares. The local operation changed its name to Barclays Bank Trinidad and Tobago. On 1 April 1972, Barclays DCO became Barclays Bank International Limited. In 1963 Barclays Bank acquired Bank of Trinidad, established in 1959. In 1939, as a result of the labor disturbances and the announcement that Britain was at war with Germany, the bank experienced a run. On, Colonial Bank changed its name to Barclays Bank (DCO). Barclays had inherited the ownership of Colonial Bank when it acquired London Provincial and South Western Bank in 1918. 1891) to form Barclays Bank (Dominion, Colonial and Overseas) (Barclays Bank (DCO) ). 1864) and the National Bank of South Africa (est. In 1925 Colonial Bank merged with the Anglo-Egyptian Bank (est. In 1909 the Colonial Bank established a branch on High Street, San Fernando. Colonial Bank was reported to have a "virtual monopoly" on banking in nineteenth century Trinidad. The forerunner of Republic Bank, Colonial Bank, was established on by Royal Charter. ![]()
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