Sale of BOSLIL

Press Release:-The East Caribbean Financial Holding Company Limited (ECFH) confirms that, subject to approval by the Financial Services Regulatory Authority of Saint Lucia, the sale of its wholly owned international (offshore) banking subsidiary, Bank of Saint Lucia International (BOSLIL) to PROVEN Investments Ltd. (PIL) has been agreed. PIL is an investment holding company operating in financial services and listed on the Jamaica Stock Exchange.   

The two companies have signed an agreement for the sale and purchase of 100 per cent shareholding interest in BOSLIL.

The parties are in the process of obtaining the necessary regulatory approvals prior to the completion of the sale.