By Aleem Khan From Trinidad Express

REPUBLIC Bank is now the majority shareholder of Cayman National bank, both banks announced yesterday.

Republic Bank now owns 54.15 per cent of the Cayman Islands bank’s parent company’s ordinary shares.

Republic Financial Holdings Ltd (RFHL), the Port of Spain-based parent company, acquired the majority shareholding in Cayman National Corporation Ltd through its Barbados subsidiary, Republic Bank Trinidad and Tobago (Barbados) Ltd (RBTTBL).

Denise Gower, founder and managing director of Cayman Islands marketing agency Fountainhead, on behalf of Republic Bank issued a media release yesterday to the Trinidad and Tobago Stock Exchange, where RFHL is listed.

For more on this story go to; https://www.trinidadexpress.com/business/local/republic-now-owns-of-bank-in-caymans/article_e60f9c6e-d32d-11e8-89b2-57743be4b290.html